Worldwide hog production shrinks and Smithfield rocks Sunday, February 6, 2011 Only last June, a troubled Smithfield Foods Inc., based in Virginia, was denying published reports from Brazil that it was going to sell its pork production to JBS, the Brazilian meat packing giant that had already purchased Smithfield's beef operations. What a difference a few months make for the self-described world's largest pork processor and hog producer. While worldwide hog production shrank two per cent, Smithfield reported record high earnings in the quarter ending Oct. 31.Smithfield made money on both pig raising and processing. Live hog market prices rose 54 per cent to $56 per hundredweight from $36. Cutout prices rose more. "Smithfield is performing at record levels and we are focused on continuing to deliver strong earnings in the second half of fiscal 2011. All indications are that fiscal 2011 will be a record year for the company," said C. Larry Pope, president and chief executive officer, in a December press release.Published reports indicate that Smithfield managed to pay down half of a US$1 billion debt in bonds that were due in 2011. The other half may not be as easy, since recently the U.S. government renewed an ethanol subsidy that keeps grain prices high. BP 'Pocket pigs' pose problems Commercial feed is the salmonella culprit
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