Pork exports contribute to Smithfield's profit comeback Tuesday, May 31, 2011 Smithfield Foods Inc., based in Virginia, cites pork exports to Canada, along with other countries, as contributing to quarterly earnings that far exceeded expectations.In the quarter ending in January, Smithfield, the world's largest pork producer, exported 24 per cent of its production. According to published reports, chief executive Larry Pope credited double digit increases in sales to Japan, China Korea and Canada. As a result, Smithfield revenue rose 10 per cent to $3.19 billion, above the $3.16 billion average analyst forecast. The hog production unit still lost money, but it was only $2.3 million compared to $78.3 million a year before as higher hog prices made up for expensive feed.Across the industry, Pope said when announcing the company's financial situation, "supply and demand are in balance."Smithfield said it reduced its debt by $913 million by January, bringing its total debt level to $2.1 billion. BP Countering the 'meatless' weight loss theory Angry exchange on British pork prices
CANXPORT Opens at Prince Rupert, Boosting Canadian Grain and Ag Exports Friday, August 28, 2026 Yesterdaymarked the grand opening of the CANXPORT facility at the Port of Prince Rupert, unveiling a significant new piece of trade infrastructure that is expected to benefit agricultural exporters across Western Canada. The facility, formerly known as the Ridley Island Export... Read this article online
The Alberta Federation of Agriculture warns producers could face higher expenses during harvest Friday, August 28, 2026 Canadian farmers are bracing for another round of financial pressure as escalating trade tensions between Canada and the United States begin to affect agricultural supply chains. The Alberta Federation of Agriculture (AFA) is warning that while Canada has every right to respond to... Read this article online
AFA Calls for National Agriculture Strategy as Weather and Trade Risks Grow Friday, August 28, 2026 While recent trade tensions are drawing national attention, agricultural leaders say another story deserves equal focus: the need for a long-term strategy that helps Canadian agriculture remain competitive in an increasingly uncertain world. The Alberta Federation of Agriculture (AFA)... Read this article online
Alberta Boosts Aid for Weather Hit Producers Friday, August 28, 2026 Farmers across Alberta are receiving additional support after extreme moisture created difficult growing conditions during the 2026 season. The Governments of Alberta and Canada have introduced changes to the AgriStability program to help producers manage financial risks caused by... Read this article online
CAAIN receives $50 million from Ottawa Thursday, August 27, 2026 The federal government is investing in Canadian agriculture through technological innovation. Ottawa is providing the Canadian Agri-Food Automation and Intelligence Network (CAAIN) with $50 million to support its work of funding innovative projects in ag, Industry Minister Mélanie... Read this article online