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
Potato Crusher Helps Farmers Fight Weeds Monday, August 31, 2026 Researchers from Agriculture and Agri-Food Canada (AAFC) found a new use for a machine originally designed for potato production. The potato vine crusher, first created to destroy insect pests in potato vines, is now proving effective in reducing weed seeds during harvest. The idea was... Read this article online
Canadian Meat Council Warns of Food Safety Risks Monday, August 31, 2026 The Canadian Meat Council (CMC) has expressed concerns about proposed changes to Canada's food safety regulations that would allow certain provincially inspected meat products to be sold across provincial borders. While the organization supports efforts to reduce barriers to... Read this article online
Boosting Soybean Protein Through Better Nutrition Monday, August 31, 2026 Soybeans areone of the most important crops in the world.Soybeansprovide a major source of plant-based protein for both human consumption and animal feed. As global demand for food continues to grow, researchers are working to find ways to improve the nutritional value of soybean crops... Read this article online
Record El Nino Intensifies as U.S. Heat Wave and Drought Risks Grow Monday, August 31, 2026 As harvest season approaches across much of North America, producers are facing a rapidly evolving weather pattern highlighted by the strongest El Niño event on record. According to from meteorologist Eric Snodgrass, the east-based El Niño continues to strengthen, with Niño Region 3... Read this article online
Wheat Futures Surge as Black Sea Risks Fuel Grain Market Rally Monday, August 31, 2026 Grain markets finished the week of August 28, 2026, on a strong note as wheat futures led a broad rally across agricultural commodities. Traders monitored escalating risks around Black Sea exports, potential changes to U.S. crop estimates, weather concerns across the Midwest, and increased... Read this article online