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
Beiseker Manufacturing Facility in Alberta 90 Percent Complete Wednesday, September 17, 2025 Replenish Nutrients Holding Corp is close to completing major upgrades at its Beiseker manufacturing facility in Alberta. The company reports that the plant is now 90 percent finished, with final automation, conveyance, and electrical work underway. During commissioning, the site has... Read this article online
Warm Dry Weather Speeds Alberta Crop Harvest Wednesday, September 17, 2025 According to the AFSC and Alberta Government Crop Reporting Survey, Alberta farmers combines are busy as they have harvested 42 per cent of all crops as of September 9, 2025, ahead of the five-year average of 40 per cent and the ten-year average of 32 per cent. Warm, dry weather has... Read this article online
Small Business Owners – Including Farmers -- Seek Tax Relief Wednesday, September 17, 2025 As Canada’s Parliament resumes, small business owners are demanding urgent action to ease financial pressure. A new Canadian Federation of Independent Business (CFIB) survey shows that 63% of small business owners are seriously concerned about high taxes, 59% worry about rising operational... Read this article online
Bunge Backs BeGrainSafe to Boost Farm Safety Wednesday, September 17, 2025 The Canadian Agricultural Safety Association (CASA) is recognizing Bunge for its commitment to farm safety through continued support of the BeGrainSafe program. This program raises awareness about the dangers of moving grain and provides firefighters with practical rescue training. Bunge... Read this article online
Provincial meat inspectors declared essential in B.C. Wednesday, September 17, 2025 Some members of B.C.’s public service received an “essential” declaration as the labour dispute between the provincial government, and the B.C. General Employees’ Union (BCGEU) continues. Agriculture and Food Minister Lana Popham announced on Sept. 11 that provincial meat inspectors are... Read this article online