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
Canadian Meat Council Welcomes Food Security Strategy Saturday, June 20, 2026 The Canadian Meat Council (CMC) has welcomed the federal government’s newly announced National Food Security Strategy, highlighting its support for measures designed to strengthen Canada’s domestic food processing sector. At the same time, the organization has expressed concerns about... Read this article online
Wild boar eradication efforts continue across Alberta Saturday, June 20, 2026 Province reports nearly 600 animals removed since 2018 Alberta’s Wild Boar Control Program says efforts to eradicate invasive wild boar from the province are continuing to advance, with nearly 600 animals removed since 2018. In an update shared through the Alberta Invasive Species... Read this article online
Kubota Boosts Smart Agriculture with Agtonomy Partnership Saturday, June 20, 2026 Kubota Corporation has made a strategic investment in Agtonomy, a United States–based startup focused on developing automation systems for precision agriculture. This move strengthens their ongoing partnership and supports the growth of smart farming solutions for specialty... Read this article online
Canada Invests in Domestic Food Processing and Supply Chains Saturday, June 20, 2026 Protein Industries Canada has welcomed two additional companies into its Strengthening the Canadian Supply Chain program, further supporting efforts to increase the use of Canadian-grown and processed ingredients in food manufacturing. The latest projects aim to enhance domestic... Read this article online
Bayer Appoints Kacy Perry as New Crop Science Canada Division Head Saturday, June 20, 2026 Bayer’s Crop Science division has named Kacy Perry as the new Country Division Head for Crop Science Canada, with her appointment taking effect on July 1, 2026. In her new position, Perry will oversee more than 550 employees across multiple Canadian locations while serving on Bayer’s... Read this article online