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
Canadians pay $224 per year for supply management, a new report says Wednesday, June 24, 2026 Canadian think tank MEI looked at supply management and identified how much the system costs Canadians each year. “Overall, supply management results in an additional cost to the average Canadian of $224 per year,” the organization said in a June 18 report. MEI came to this figure by... Read this article online
Fertilizer Canada supports Mercosur trade deal Wednesday, June 24, 2026 A segment of Canada’s ag industry wants the federal government to finalize a trade agreement with South American countries. Fertilizer Canada is unwavering in its support for a Mercosur trade deal. “For Canada’s fertilizer industry, this is not a theoretical opportunity,” Michael... Read this article online
NOAA Declares El Nino, Raising Key Weather Risks for Agriculture Wednesday, June 24, 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 Wednesday, June 24, 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
Fertilizer Sees Relief, but Grain Markets Stay Weak Wednesday, June 24, 2026 On the latest episode of Ag Commodity Corner+ Podcast titled, “A Reopening of the Strait of Hormuz is Bearish Long Team Diesel/Fertilizer!” Farms.com Risk Management Chief Commodity Strategist Moe Agostino and Commodity Strategist Abhinesh Gopal agreed that global markets saw major changes... Read this article online