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
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
Fertilizer Sees Relief, but Grain Markets Stay Weak Thursday, June 25, 2026 On the latest episode of Ag Commodity Corner+ Podcast titled, “A Reopening of the Strait of Hormuz is Bearish Long Team Diesel/Fertilizer!” Farms.com Risk Management Chief Commodity Strategist Moe Agostino and Commodity Strategist Abhinesh Gopal agreed that global markets saw major changes... Read this article online
Ag in the House: June 15 – 18 Thursday, June 25, 2026 In the final week of question period before Parliament rose for the summer, the Bloc asked the government why it ended bill debates. On June 16, Yves Perron, the Bloc’s ag critic, accused the government of avoiding the accountability of the opposition. “Yesterday (the prime minister)... Read this article online
Canada Funds Poultry Health Innovation Thursday, June 25, 2026 Canada is strengthening its agriculture sector by supporting innovation in animal health. A new investment aims to help poultry farmers reduce their dependence on traditional antibiotics while improving food safety and animal welfare. The Government of Canada announced funding of up to... Read this article online