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 Food Security Plan Boosts Ag Sector Growth Tuesday, June 16, 2026 The Canadian Federation of Agriculture (CFA) has welcomed the federal government’s newly announced National Food Security Strategy, highlighting its renewed commitment to strengthening Canada’s agri-food sector through investments that support competitiveness, affordability, and long-term... Read this article online
Western Farm Weather Alert: Heat, Storms, and Unpredictable El Niño Tuesday, June 16, 2026 Farmers across the west, in both the United States and Canada could be facing an unpredictable and potentially challenging stretch of weather as summer approaches, according to the latest released June 15 by Nutrien’s Eric Snodgrass. The report points to a developing weather pattern... Read this article online
What Can Canadian Canola Growers Learn from the Decline of Rapeseed Oil in the United Kingdom Tuesday, June 16, 2026 The Farms.com team recently attended the Cereals Show in the United Kingdom. This year, the show was held in the Cotswolds at Diddly Squat Farm (owned by Jeremy Clarkson, from Clarkson’s Farms). We were intrigued to learn about the dramatic decline of the rapeseed sector. The United... Read this article online
U.S. Agriculture Leaders Support USMCA Trade Agreement Tuesday, June 16, 2026 Members of the House Agriculture Committee voiced strong support for the United States-Mexico-Canada Agreement (USMCA) during a June 10 hearing, even as uncertainty surrounds the upcoming July 1 review of the trade pact. Representatives from farmer organizations and major exporters,... Read this article online
Manitoba Pork welcomes Canada’s ASF zoning agreement with Japan Tuesday, June 16, 2026 Today, the Government of Canada and the Government of Japan announced an agreement on the mutual recognition of containment zones in the event of an outbreak of African swine fever (ASF). ASF is an internationally reportable disease that has devastated swine herds around the world. It is... Read this article online