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
Al-Katib says Canada has Resources and Talent to Lead the World Wednesday, July 2, 2025 In a recent episode of Asia Pacific Conversations, Murad Al-Katib, CEO of AGT Foods and Ingredients, shared insights into the journey of Canadian agriculture in global markets. As the head of a Saskatchewan-based startup that has grown into a billion-dollar international food company,... Read this article online
Drought Support for Saskatchewan Includes Allowing Low Yield Crops as Livestock Feed Wednesday, July 2, 2025 The Saskatchewan Crop Insurance Corporation (SCIC) is implementing urgent support for producers dealing with ongoing dry conditions. The federal and provincial agriculture ministers have announced changes that allow low-yielding crop acres to be salvaged for livestock feed through a doubled... Read this article online
Canadian Farmers Increase Wheat and Soybean Acres Wednesday, July 2, 2025 In 2025, Canadian farmers increased the planting of wheat, oats, soybeans, lentils, corn, and dry peas, while reducing the area seeded to canola and barley. The warm and dry spring conditions across much of Western Canada helped speed up seeding operations, with all Prairie provinces... Read this article online
Manitoba pork, canola producers hold steady amid heavy tariffs Wednesday, July 2, 2025 A slab of back bacon from Natural Raised Pork comes with a waitlist. Ian Smith points to tariffs. Since the United States placed levies on imports from Canada, Manitobans have increasingly been calling Smith about his farm near Argyle, some 40 kilometres northwest of... Read this article online
Crop and Pasture Health Rise in Alberta Wednesday, July 2, 2025 According to the AFSC and Alberta Government Crop Reporting Survey, Alberta's crop conditions improved significantly this week. Major crops are now rated 59 percent good to excellent, up 10 percent from the previous week. However, this is still below the five- and ten-year averages of 73 and... Read this article online