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
Competition Bureau looking at Canada’s food supply chain Friday, June 19, 2026 Canada’s food supply chain from harvest to store shelf will be under the Competition Bureau’s microscope for the next year. The bureau announced its investigation on June 16 with a final report scheduled for release next spring. “Food prices have risen sharply in recent years, putting... Read this article online
Ag in the House: June 8 – 12 Friday, June 19, 2026 During question period on June 8, a Bloc MP wanted answers related to a provision about agriculture placed inside Bill C-30, the Spring Economic Update Implementation Act. Maxime Blanchette-Joncas, the MP for Rimouski—La Matapédia, wanted to know if the government will remove parts of the... Read this article online
Canadian Meat Council Welcomes Food Security Strategy Thursday, June 18, 2026 The Canadian Meat Council (CMC) has welcomed the federal government’s newly announced National Food Security Strategy, highlighting its support for measures designed to strengthen Canada’s domestic food processing sector. At the same time, the organization has expressed concerns about... Read this article online
Wild boar eradication efforts continue across Alberta Thursday, June 18, 2026 Province reports nearly 600 animals removed since 2018 Alberta’s Wild Boar Control Program says efforts to eradicate invasive wild boar from the province are continuing to advance, with nearly 600 animals removed since 2018. In an update shared through the Alberta Invasive Species... Read this article online
Manitoba Pressed to Use Portage Diversion During Heavy Rains Thursday, June 18, 2026 The Manitoba Progressive Conservatives are urging Premier Wab Kinew and Transportation and Infrastructure Minister Lisa Naylor to activate the Portage Diversion as heavy rainfall continues to threaten communities across southern Manitoba and the Interlake region. Lakeside MLA and PC... Read this article online