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
Markets Slip as Corn Hits New Lows While Wheat Shows Strength Wednesday, June 17, 2026 On the latest episode of the Ag Commodity Corner+ Podcast titled, Farms.com Risk Management Chief Commodity Strategist Moe Agostino and Commodity Strategist Abhinesh Gopal discussed key developments in global commodity markets in detail. They started the podcast by explaining how corn... Read this article online
Ottawa unveils National Food Security Strategy Wednesday, June 17, 2026 The federal government is looking to support producers and lower grocery costs for Canadians through its National Food Security Strategy. The strategy announced on June 11 commits at least $3 billion over 10 years to address multiple areas of Canada’s food supply chain. Here’s how the... Read this article online
Canadian Food Security Plan Boosts Ag Sector Growth Tuesday, June 16, 2026 The Canadian Federation of Agriculture (CFA) has welcomed the federal government’s newly announced National Food Security Strategy, highlighting its renewed commitment to strengthening Canada’s agri-food sector through investments that support competitiveness, affordability, and long-term... Read this article online
Western Farm Weather Alert: Heat, Storms, and Unpredictable El Niño Tuesday, June 16, 2026 Farmers across the west, in both the United States and Canada could be facing an unpredictable and potentially challenging stretch of weather as summer approaches, according to the latest released June 15 by Nutrien’s Eric Snodgrass. The report points to a developing weather pattern... Read this article online
What Can Canadian Canola Growers Learn from the Decline of Rapeseed Oil in the United Kingdom Tuesday, June 16, 2026 The Farms.com team recently attended the Cereals Show in the United Kingdom. This year, the show was held in the Cotswolds at Diddly Squat Farm (owned by Jeremy Clarkson, from Clarkson’s Farms). We were intrigued to learn about the dramatic decline of the rapeseed sector. The United... Read this article online