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
Falling Behind on Direct Alcohol Shipping Deadline Friday, May 29, 2026 Canada’s small alcohol producers are growing increasingly frustrated as a promised timeline for direct-to-consumer (DTC) alcohol shipping reforms approaches with little visible progress. The Canadian Federation of Independent Business (CFIB) is calling out federal and provincial... Read this article online
Merger between Enns Bros. and Greenvalley Equipment is off Friday, May 29, 2026 A planned merger between two John Deere dealerships in Manitoba is off. Greenvalley Equipment and Enns Brothers Ltd., announced a plan in January that would’ve seen the companies’ 13 total locations operate under a single entity. The deal was expected to close in April. The merger... Read this article online
Replenish Nutrients Nears Full Production at Beiseker Facility Amid Rising Fertilizer Demand Friday, May 29, 2026 Replenish Nutrients is entering a critical growth phase as it moves closer to full-scale production at its Beiseker, Alberta facility, positioning the company to meet rising demand for domestically produced fertilizer. During its 2026 first quarter financial results call, the company... Read this article online
Rural Canada Is Critical to Trade, Food Security and Economic Recovery Friday, May 29, 2026 Canada is facing global instability, affordability pressures and growing urgency to rebuild its economic foundations. Rural Canada is one of the country’s most important economic assets. Although only about 16% to 18% of Canadians live in rural communities, leaders say those regions... Read this article online
Feds say Provinces Need to Act on Interprovincial Alcohol Sales Friday, May 29, 2026 Canada’s federal government is intensifying pressure on provinces and territories to complete negotiations and implement direct-to-consumer alcohol sales, a move expected to benefit agricultural producers, small businesses, and consumers across the country. The statement comes out... Read this article online