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
Hong Kong suspends Alberta egg and poultry shipments Wednesday, June 3, 2026 Alberta eggs and poultry have temporarily lost access to an Asian trading partner. Hong Kong’s Centre for Food Safety (CFS) which under the Food and Environment Hygiene Department is responsible for ensuring food is safe, suspended the import of poultry meat and eggs from Alberta on May... Read this article online
Alberta RCMP launches Rural Organized Crime Team Wednesday, June 3, 2026 The Alberta RCMP is launching a new unit to monitor crime in rural communities. Following a $2 million investment from the provincial government, the RCMP announced part of the funding will support the creation of a new Rural Organized Crime Team (ROCT). The ROCT will be “a mobile unit... Read this article online
Drought Reaches Record Levels Across U.S. Midwest - What's the Outlook for the Summer? Wednesday, June 3, 2026 Drier weather across the Midwest and Upper Midwest has ushered in a new wave of drought concerns, with portions of Iowa, Minnesota, Wisconsin, and Indiana newly appearing on the U.S. Drought Monitor, according to the Nutrien Weekly Weather Intelligence Report by meteorologist Eric... Read this article online
Weekly Hog Market Facts: Ontario Prices Hold Steady While Futures Pull Back Wednesday, June 3, 2026 Ontario hog prices remained relatively stable heading into the week ending May 22, 2026, even as U.S. futures markets softened and slaughter volumes trended lower. The latest Weekly Hog Market Facts report highlights a market that continues to balance solid fundamentals with growing... Read this article online
Alberta Pork Congress 2026 Set to Bring Innovation and Industry Leaders to Red Deer Tuesday, June 2, 2026 The Alberta Pork Congress (APC) 2026 is set to return to Westerner Park in Red Deer on June 10 and 11, 2026, bringing together producers, suppliers, and industry leaders from across Western Canada for two days of innovation, education, and connection. Recognized as one of the most... Read this article online