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
Global Conflict Drives Major Surges in Commodity Markets Monday, March 9, 2026 A major international conflict the war in Iran has disrupted trade flows, pushing energy and grain prices sharply higher. On the weekly Ag Commodity Corner+ Podcast with Commodity Strategist Abhinesh Gopal shared the markets made sharp moves in the week of March 2 to 6, after a rapidly... Read this article online
Alberta Beef Producers forming traceability group Monday, March 9, 2026 A livestock organization in Alberta is forming a working group to explore the federal government’s proposed traceability changes. A March 5 statement from Alberta Beef Producers (ABP) indicates the organization’s delegates passed a resolution at the most recent AGM supporting this group’s... Read this article online
Canada invests in youth ag employment Monday, March 9, 2026 The federal government is investing in the future ag workforce. On March 5 at the Atlantic Council Cereals and Oilseeds conference, Agriculture Minister Heath MacDonald announced $27 million over two years in AAFC’s Youth Employment and Skills Program. This program, originally launched... Read this article online
SARM Calling for Stronger Rural Emergency Funding Friday, March 6, 2026 The Saskatchewan Association of Rural Municipalities (SARM) is calling on provincial and federal governments to strengthen funding and partnerships that support emergency response services across rural Saskatchewan. Rural municipalities playa major rolein protecting communities during... Read this article online
Ag included in Carney’s trip to Japan Friday, March 6, 2026 Canada’s ag industry is part of the equation when it comes to the country’s continued relationship with Japan. A March 6 joint statement by Prime Minister Mark Carney and Japanese Prime Minister Sanae Takaichi indicates establishing a “comprehensive strategic partnership,” which includes... Read this article online