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
Canola sector unimpressed with federal support announcement Wednesday, September 10, 2025 Canada’s canola industry is displeased with the federal government’s recent announcements to support the sector. Prime Minister Carney announced $370 million in funding last week to introduce a new biofuel production incentive to support canola growers as they feel the effects of China’s... Read this article online
Sask. hosting rural innovation conference this month Wednesday, September 10, 2025 Estevan, Sask. will play host to ICED Rural 2025, Canada’s only rural innovation conference, Sept. 23 and 24. “This year’s theme zeroes in on two of the most critical challenges and opportunities facing rural innovation: Energy and Education,” the event website says. As part of the... Read this article online
Pork exports strengthen Manitoba's economy Wednesday, September 10, 2025 Manitoba’s pork export business has changed, according to a new provincial trade report released earlier this year. The report looked to sum up the province’s current pork trade landscape and identify alternate markets the province could be selling into. It was one of several such... Read this article online
Alberta Crop Harvest Moves Ahead of Averages Wednesday, September 10, 2025 According to the AFSC and Alberta Government Crop Reporting Survey, Alberta’s 2025 harvest is moving ahead of schedule as hot and dry conditions continue across the province. By September 2, major crop harvest was 22 percent complete, a 14 percent jump from last week. This pace is ahead of... Read this article online
Ag ministers wrap up FPT meetings in Winnipeg Wednesday, September 10, 2025 The federal government will support farmers as work continues to restore market access. That’s part of the message federal Agriculture Minister Heath MacDonald told reporters Tuesday after two days of federal-provincial-territorial (FPT) meetings in Winnipeg. Recently announced... Read this article online