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
Beiseker Manufacturing Facility in Alberta 90 Percent Complete Wednesday, September 17, 2025 Replenish Nutrients Holding Corp is close to completing major upgrades at its Beiseker manufacturing facility in Alberta. The company reports that the plant is now 90 percent finished, with final automation, conveyance, and electrical work underway. During commissioning, the site has... Read this article online
Warm Dry Weather Speeds Alberta Crop Harvest Wednesday, September 17, 2025 According to the AFSC and Alberta Government Crop Reporting Survey, Alberta farmers combines are busy as they have harvested 42 per cent of all crops as of September 9, 2025, ahead of the five-year average of 40 per cent and the ten-year average of 32 per cent. Warm, dry weather has... Read this article online
Small Business Owners – Including Farmers -- Seek Tax Relief Wednesday, September 17, 2025 As Canada’s Parliament resumes, small business owners are demanding urgent action to ease financial pressure. A new Canadian Federation of Independent Business (CFIB) survey shows that 63% of small business owners are seriously concerned about high taxes, 59% worry about rising operational... Read this article online
Bunge Backs BeGrainSafe to Boost Farm Safety Wednesday, September 17, 2025 The Canadian Agricultural Safety Association (CASA) is recognizing Bunge for its commitment to farm safety through continued support of the BeGrainSafe program. This program raises awareness about the dangers of moving grain and provides firefighters with practical rescue training. Bunge... Read this article online
Provincial meat inspectors declared essential in B.C. Wednesday, September 17, 2025 Some members of B.C.’s public service received an “essential” declaration as the labour dispute between the provincial government, and the B.C. General Employees’ Union (BCGEU) continues. Agriculture and Food Minister Lana Popham announced on Sept. 11 that provincial meat inspectors are... Read this article online