A Chinese takeover of Smithfields? Monday, August 5, 2013 Last year was financially unkind to Smithfield Foods Inc., the largest pork producer in the United States. While full year sales were up a full percentage point to US$13.2 billion, net income was down to $183.8 million, nearly a 50 per cent drop from $361 million a year before.The company's press release said pork production was not a money maker last year because of higher feed costs and other inputs. Any pork producer could have told you that.No wonder shareholders were enthusiastic about Shuanghui International, the largest butcher in China, taking over Smithfield sometime in the next six months. Shuanghui was offering US$31 a share for Smithfield Foods stock, a 31 per cent premium over the previous trading price of $25.75. The sale requires federal government approval.Shareholders aren't the only ones wondering where this is going. Producers across North America wonder what it will mean if a firm from China, the largest pork consumer and producer in the world, acquires the Smithfield company, if indeed the sale is approved. Is this more pork going to China and away from North American markets, or what else might happen? BP Coping with the wild boar invasion Tennessee backs down on ag-gag law
Canada Post strike possible in May Wednesday, April 30, 2025 Canadians could experience a disruption in Canada Post services in May. Canada Post and the Canadian Union of Postal Workers (CUPW) have agreed to resume contract negotiations this week. The two parties last sat around the bargaining table in March for mediated talks that concluded... Read this article online
Canadian Pork Council encourages hog producers to order a 4-month supply of ear tags Wednesday, April 30, 2025 The national postal strike is temporarily on hold until May 22, 2025, but disruptions may resume immediately afterward, warns the Canadian Pork Council. Canada Post and the Canadian Union of Postal Workers (CUPW) have re-entered negotiations, assisted by a mediator, following a... Read this article online
How will Carney work with Farmers? Wednesday, April 30, 2025 Prime Minister Carney has a mandate to lead the country, but the country is quite divided, and much of the agriculture industry feels alienated. Prime Minister Mark Carney and Opposition Leader Pierre Poilievre have both pledged cooperation on key issues like U.S. tariffs. As the new... Read this article online
Sheep farmers win Ontario’s Outstanding Young Farmers Wednesday, April 30, 2025 Sheep farmers and wool producers from Wallenstein, Ont. are Ontario’s Outstanding Young Farmers for 2025. “It’s great to be recognized by your peers in the industry with an award like that,” Ryan Schill told Farms.com. “When we started the sheep farm, there were people questioning us... Read this article online
Canadians elect Liberal government Tuesday, April 29, 2025 Canadians made their voices heard on April 28 and elected a Liberal government. Prime minister-designate Mark Carney’s party won 168 seats as of Tuesday morning,Elections Canada says. A party needs 172 seats to earn a majority government. The Liberals could hit that threshmark... Read this article online