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
Triple collaboration provides rice breeding innovation Friday, June 6, 2025 Loveland Products, Inc. (LPI) and Dyna-Gro Seed, Nutrien Ag Solutions’ proprietary products businesses, have announced the success of their ongoing collaboration with the Louisiana State University (LSU) AgCenter through the —a targeted initiative accelerating innovation in rice breeding... Read this article online
Ontario Promotes Local Food to Boost Economy and Jobs Thursday, June 5, 2025 Ontario is celebrating Local Food Week from June 2–8, 2025, honoring the people behind the province’s strong and self-sufficient food supply. From farmers and food processors to retailers and restauranteurs, these individuals contribute to the economy and food security. The agriculture... Read this article online
New report highlights Cdn. farmer sentiment on tariffs Thursday, June 5, 2025 Canadian farmers are worried about trade and tariffs. That’s part of what a new report from Stratus Ag Research shows. The research firm polled 1,000 Canadian farmers beginning in January about how concerned they are about 21 challenges including rising costs of production, commodity... Read this article online
Warburtons invests in Gate project Thursday, June 5, 2025 A British company is investing in a Canadian ag project. Warburtons, the largest bakery brand in England which includes bread, bagels, and pitas, is contributing $650,000 to the Global Agriculture Technology Exchange (Gate) project in Winnipeg, Man. “This contribution represents a... Read this article online
Scientists at Guelph Target Avian Threat Thursday, June 5, 2025 The University of Guelph (U of G) is activeey engaged against the spread of avian flu. Experts from a variety of departments, including virology, engineering, veterinary medicine, and computer science, are working together to stop this growing threat. “This is not just a crisis for the... Read this article online