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
Canada Could Add $5.4 Billion by Food Processing in the Country Tuesday, September 22, 2026 Canada could add as much as $5.4 billion to its economy and create roughly 34,000 full-time-equivalent jobs by shifting only 10 per cent of its raw crop exports towards domestic value-added processing, according to a new analysis by EY released by Protein Industries Canada. The... Read this article online
Local Food and Farming Drive Community Growth Tuesday, September 22, 2026 The 12th annual Farm and Food Awareness Week has already begun in Manitoba, held from September 20 to 25. The week provides an opportunity for people to learn more about where their food comes from and appreciate the efforts of farmers, producers, and food workers who help bring safe and... Read this article online
Equipment Technician Demand Reaches New Highs Tuesday, September 22, 2026 Canada's agriculture and construction equipment industry is facing a growing shortage of skilled technicians, according to a new report released by industry organizations the Canada Equipment Dealers Association (CEDF)and the Associated Equipment Distributors Foundation (AEDF). The findings... Read this article online
B.C. ag minister won’t seek re-election Tuesday, September 22, 2026 British Columbia’s minister of agriculture won’t run in the next provincial election when the time comes. Lana Popham, the NDP MLA for Saanich South currently in her second tenure as the ag community’s voice in the provincial legislature, made the announcement on Sept. 21. “I am sad to... Read this article online
New herbicide for soybean producers Tuesday, September 22, 2026 Ontario soybean growers will have another tool available to them for the 2027 growing season. BASF launched Zidua Prime herbicide to support burndown and residual weed control applications. The product contains two active ingredients to provide farmers with maximum... Read this article online