Smithfield hit by higher hog prices Thursday, June 10, 2010 Smithfield Food Inc, and the analysts who keep an eye on it, have been caught off guard by the recent leap in hog prices. Meatingplace.com notes that Smithfield was warning investors before regular meetings that its fourth quarter numbers will be weaker than expected, in spite of changes in the way the company is doing business.A BMO Capital Markets analyst noted that Smithfield had still made the right decisions by restructuring its hog business and reducing the amount of debt carried on its balance sheet. The world's largest hog producer is expected to do much better in 2011.Higher raw material costs, meaning hogs, are affecting Smithfield's fresh pork business, while the unexpected run-up in futures has hurt the value of those assets, according to "mark to market" accounting, a system of assigning current market value to financial instruments. BP Bacon a must for foster children? Canada's share of world pork trade predicted to decline
Alberta ROCT makes drug and weapons busts Thursday, June 25, 2026 A team of RCMP officers dedicated to keeping rural communities safe made significant drug and weapons busts recently. On June 20, the Rural Organized Crime Team (ROCT), which the provincial government provided $2 million of support for earlier in the month, found drugs and firearms during... Read this article online
Canada’s only commercial olive farm up for sale Thursday, June 25, 2026 A rarity in Canada, the only commercial olive farm in the country, is going up for auction in August. CLHbid.com will oversee the sale of The Olive Farm and its almost 74 acres of land in Salt Spring Island, B.C. Canadian olive production is very low because of its cold winters, and... Read this article online
Manitoba grain elevators listed as endangered Thursday, June 25, 2026 Grain elevators in the RM of Brenda-Waskada are considered some of the top 10 endangered structures in all of Manitoba. The Manitoba Historical Society on June 23 published its annual list of “historically significant buildings around our province that deserve to be preserved and better... Read this article online
NOAA Declares El Nino, Raising Key Weather Risks for Agriculture Thursday, June 25, 2026 The National Oceanic and Atmospheric Administration (NOAA) has officially declared the onset of El Niño, confirming that ocean temperatures in the central Pacific have risen high enough to trigger one of the world’s most influential climate patterns. The declaration follows sustained... Read this article online
Anti-Dumping Probe Targets Wheat Gluten Imports in Canada Thursday, June 25, 2026 The Canada Border Services Agency (CBSA) has opened an anti-dumping investigation into certain wheat gluten imports entering the Canadian market from Italy, Poland, and the United Kingdom. The inquiry will examine whether these products are being sold in Canada at unfairly low prices,... Read this article online