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 Crops Advance Quickly as Heat Speeds Development Across Fields Wednesday, July 22, 2026 Manitoba farmers saw significant crop progress during the week of July 14 to July 21 as above-normal temperatures accelerated development across most major commodities. While the warmer weather helped push crops through critical growth stages, moisture conditions remained inconsistent... Read this article online
Canola Growers May Gain New Tool for Water Stress Wednesday, July 22, 2026 Mosaic Biosciences and Elicit Plant have entered into a joint development agreement to create a new agricultural solution aimed at helping canola growers across North America manage water-stress challenges. The collaboration will use Elicit Plant’s proprietary EliTerra technology... Read this article online
Pilot project supports Ontario and Quebec ag Wednesday, July 22, 2026 A new two-year pilot project is designed to help livestock farmers in Quebec by giving them access to an Ontario abattoir. The project, a collaboration between the Quebec and Ontario governments, with additional support from the Canadian Food Inspection Agency (CFIA), would see a limited... Read this article online
Ontario Farmers Harvest One of Canada’s Top Carrot Crops Wednesday, July 22, 2026 Carrots are among Ontario's most important vegetable crops, contributing significantly to local food production and year-round fresh produce availability. Ontario grows the most carrots of any Canadian province – 45% of the country’s carrots. According to Statistics Canada, Ontario... Read this article online
Weather Outlook Raises Flash Drought Concerns Across Central U.S. Tuesday, July 21, 2026 A growing flash drought across the central United States, lingering wildfire smoke impacts, and the rapid development of El Niño are creating a challenging weather outlook for North American agriculture. According to the latest weather analysis from Nutrien meteorologist Eric... Read this article online