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
Canadians pay $224 per year for supply management, a new report says Wednesday, June 24, 2026 Canadian think tank MEI looked at supply management and identified how much the system costs Canadians each year. “Overall, supply management results in an additional cost to the average Canadian of $224 per year,” the organization said in a June 18 report. MEI came to this figure by... Read this article online
Fertilizer Canada supports Mercosur trade deal Wednesday, June 24, 2026 A segment of Canada’s ag industry wants the federal government to finalize a trade agreement with South American countries. Fertilizer Canada is unwavering in its support for a Mercosur trade deal. “For Canada’s fertilizer industry, this is not a theoretical opportunity,” Michael... Read this article online
NOAA Declares El Nino, Raising Key Weather Risks for Agriculture Wednesday, June 24, 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 Wednesday, June 24, 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 Wednesday, June 24, 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