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
Alberta ROCT makes drug and weapons busts Thursday, June 25, 2026 A team of RCMP officers dedicated to keeping rural communities safe made significant drug and weapons busts recently. On June 20, the Rural Organized Crime Team (ROCT), which the provincial government provided $2 million of support for earlier in the month, found drugs and firearms during... Read this article online
Canada’s only commercial olive farm up for sale Thursday, June 25, 2026 A rarity in Canada, the only commercial olive farm in the country, is going up for auction in August. CLHbid.com will oversee the sale of The Olive Farm and its almost 74 acres of land in Salt Spring Island, B.C. Canadian olive production is very low because of its cold winters, and... Read this article online
Manitoba grain elevators listed as endangered Thursday, June 25, 2026 Grain elevators in the RM of Brenda-Waskada are considered some of the top 10 endangered structures in all of Manitoba. The Manitoba Historical Society on June 23 published its annual list of “historically significant buildings around our province that deserve to be preserved and better... Read this article online
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