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
Manitoba Harvest Advances as Soybeans, Corn and Canola Face Mixed Conditions Wednesday, October 7, 2026 Manitoba producers are making significant harvest progress as favourable fall weather allows combines and forage equipment to stay active across much of the province. However, recent moisture and challenging harvest conditions are creating a mixed picture for crop quality,... Read this article online
Nortera Green Giant Deal Called Off Wednesday, October 7, 2026 The Competition Bureau of Canada has welcomed the decision by Nortera and B&G Foods Canada to abandon a proposed acquisition involving well-known vegetable brands sold across the country. The announcement came after the Bureau conducted an investigation and concluded that the transaction... Read this article online
B.C. ag promises – NDP and BC Greens Wednesday, October 7, 2026 With just over two weeks before British Columbians head to the polls in the Oct. 24 provincial election, political parties are unveiling their plans for the province including its ag and food sectors. Farms.com will be highlighting those promises as they become available to provide B.C.... Read this article online
RCMP reminding farmers to protect fuel Wednesday, October 7, 2026 Olds RCMP is reminding farmers and rural property owners to protect their fuel supplies during this harvest season. “During busy periods such as planting and harvest, equipment and fuel may be left unattended in fields or other remote locations.These areas can be more difficult to monitor... Read this article online
Farmland Demand Strong in Alberta, Not so for the Rest of Canada Wednesday, October 7, 2026 Canadian farmland values continued their upward trend during the first half of 2026, although growth has moderated compared to the rapid gains seen in recent years. According to Farm Credit Canada's (FCC) mid-year farmland values review, cultivated farmland increased by an average of... Read this article online