Agribusiness Update for Thursday 01/14/16

Canada's Agriculture and AgriFood Minister will visit Washington D.C. Thursday. Lawrence MacAulay will make his first visit to the U.S. capitol city to meet with USDA Secretary Tom Vilsack. MacAulay and Vilsack are expected to discuss a range of issues, including implementation of the repeal of country-of-origin labeling for beef and pork and USDA's statement that the Food Safety and Inspection Service plans to establish rules for a voluntary labeling program.

Alltech has acquired 100 percent of the outstanding shares of Masterfeeds, Inc., in a share purchase agreement with Ag Processing Inc, known as AGP. Masterfeeds, a leading commercial animal nutrition company in Canada, is now part of the Alltech family of companies, which includes 12 other companies that Alltech has acquired globally since 2011. The addition of Masterfeeds to Alltech's existing Canadian operations and other Canadian acquisition, EMF Nutrition, brings the companies' total presence to approximately 700 Canadian employees.

That's today's Agribusiness Update from the Ag Information Network of the West.