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
CANTERRA SEEDS acquires trusted seed brand Friday, May 2, 2025 CANTERRA SEEDS has announced the acquisition of Alliance Seed, a respected pedigreed seed company previously owned by Paterson Grain, which has over 115 years of history in Canadian agriculture. This strategic step strengthens CANTERRA SEEDS’s presence in the seed market and helps bring more... Read this article online
P&H Acquires Key Quebec Grain Terminal Friday, May 2, 2025 Parrish & Heimbecker, Limited (P&H) is working to strengthen Canada's grain transportation system by acquiring a deep-water marine export terminal in Quebec City. The facility was previously operated by Société en Commandite Terminal Grains and managed by Sollio Agriculture since... Read this article online
Alberta MP-elect steps aside for Poilievre to run in by-election Friday, May 2, 2025 A recently re-elected Conservative Member of Parliament for Alberta is resigning his seat in a show of support for party leader Pierre Poilievre. Damien Kurek, who has represented the riding of Battle River-Crowfoot since 2019 and won with almost 82 per cent of the vote on April 28,... Read this article online
Looking for the Perfect Mother’s Day Gift for Women who work in Agriculture? Friday, May 2, 2025 Mother’s Day is just around the corner, and what better way to show appreciation for the incredible women in agriculture than by supporting products and services created by women in agriculture? Whether she’s managing livestock, growing crops, running a farm-based business—or all of... Read this article online
5,000 bushels of grain stolen from Sask. farm Thursday, May 1, 2025 Saskatchewan RCMP is reminding producers to protect their farms after thieves made off with grain. An April 30 release from the Coronach detachment states thieves stole about 5,000 bushels of grain from storage bins on a farm near Ogema, Sask. That’s approximately the capacity of the... Read this article online