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
NOAA Declares El Nino, Raising Key Weather Risks for Agriculture Thursday, June 25, 2026 The National Oceanic and Atmospheric Administration (NOAA) has officially declared the onset of El Niño, confirming that ocean temperatures in the central Pacific have risen high enough to trigger one of the world’s most influential climate patterns. The declaration follows sustained... Read this article online
Anti-Dumping Probe Targets Wheat Gluten Imports in Canada Thursday, June 25, 2026 The Canada Border Services Agency (CBSA) has opened an anti-dumping investigation into certain wheat gluten imports entering the Canadian market from Italy, Poland, and the United Kingdom. The inquiry will examine whether these products are being sold in Canada at unfairly low prices,... Read this article online
Fertilizer Sees Relief, but Grain Markets Stay Weak Thursday, June 25, 2026 On the latest episode of Ag Commodity Corner+ Podcast titled, “A Reopening of the Strait of Hormuz is Bearish Long Team Diesel/Fertilizer!” Farms.com Risk Management Chief Commodity Strategist Moe Agostino and Commodity Strategist Abhinesh Gopal agreed that global markets saw major changes... Read this article online
Ag in the House: June 15 – 18 Thursday, June 25, 2026 In the final week of question period before Parliament rose for the summer, the Bloc asked the government why it ended bill debates. On June 16, Yves Perron, the Bloc’s ag critic, accused the government of avoiding the accountability of the opposition. “Yesterday (the prime minister)... Read this article online
Canada Funds Poultry Health Innovation Thursday, June 25, 2026 Canada is strengthening its agriculture sector by supporting innovation in animal health. A new investment aims to help poultry farmers reduce their dependence on traditional antibiotics while improving food safety and animal welfare. The Government of Canada announced funding of up to... Read this article online