Smithfield hit by higher hog prices Thursday, June 10, 2010 Smithfield Food Inc, and the analysts who keep an eye on it, have been caught off guard by the recent leap in hog prices. Meatingplace.com notes that Smithfield was warning investors before regular meetings that its fourth quarter numbers will be weaker than expected, in spite of changes in the way the company is doing business.A BMO Capital Markets analyst noted that Smithfield had still made the right decisions by restructuring its hog business and reducing the amount of debt carried on its balance sheet. The world's largest hog producer is expected to do much better in 2011.Higher raw material costs, meaning hogs, are affecting Smithfield's fresh pork business, while the unexpected run-up in futures has hurt the value of those assets, according to "mark to market" accounting, a system of assigning current market value to financial instruments. BP Bacon a must for foster children? Canada's share of world pork trade predicted to decline
Canada’s Farm Show and Regina at the Heart of Agriculture Friday, March 7, 2025 By Tim Day, Canada's Farm Show Agricultural shows are critical to the agri-food sector, driving innovation, building community networking and stimulating economic growth. In Saskatchewan, where agriculture is a cornerstone of the economy, Regina’s role as the host city of Canada's... Read this article online
Trump Imposing Tariffs on Canadian Dairy Products Friday, March 7, 2025 President Donald Trump announced to reporters that his administration is imposing tariffs on Canadian dairy products and lumber as early as Friday (March 7, 2025), escalating a growing trade conflict between the two neighboring nations. Speaking from the Oval Office, Trump expressed... Read this article online
China Halts U.S. Soybean Exports Amid Tariffs Thursday, March 6, 2025 China has imposed new tariffs on U.S. agricultural products following the U.S. government’s decision to implement a 10% tariff on all Chinese imports. In retaliation, China introduced a 15% tariff on corn, wheat, cotton, and chicken, along with an additional 10% tariff on soybeans, pork,... Read this article online
Financial and Consumer Affairs Authority Warns Investors About "Pig Butchering Scams" in Advertising Campaign Thursday, March 6, 2025 During March, which is Fraud Prevention Month, the Financial and Consumer Affairs Authority of Saskatchewan (FCAA) is releasing an informative advertising campaign for investors and consumers. The campaign that spans province-wide informs investors and consumers about a type of investment... Read this article online
New Funds for Ag Growth in Saskatchewan Thursday, March 6, 2025 The Honorable Terry Duguid, Minister for PrairiesCan, announced $3,265,583 in federal funding for four projects aimed at strengthening the province’s agri-food and manufacturing sectors. These investments will support companies working on value-added food production and improve railcar... Read this article online