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
Trade revamp - securing U.S. farmers' future Friday, September 20, 2024 Strategic trade talks to boost U.S. agriculture stability The current landscape of U.S. agriculture, burdened by a substantial trade deficit, necessitates a strategic overhaul of trade policies to protect the interests of American farmers and ranchers. Central to this strategy is... Read this article online
Stinger Spade Bits kit from Spyder Friday, September 20, 2024 By Braxteen Breen, Whether you are constructing/repairing fencing and other structures around the farm, you can get those tasks completed on the farm quickly with the Stinger Spade Bits kit from Spyder. The Spade Bits kit provides an economical solution for someone who wants to make... Read this article online
Can the agriculture sector in Ukraine be restored? Thursday, September 19, 2024 5 Strategies that could help rebuild Ukraine agriculture Since the full-scale invasion began, Ukraine’s agricultural sector has faced immense losses, with damages surpassing $10 billion. This includes the destruction of machinery worth $5.8 billion and losses to livestock farms... Read this article online
North West Terminal idles grain elevator in Unity, Sask. Thursday, September 19, 2024 A grain handler in Saskatchewan is no longer in operation. In a Sept. 18 letter posted to its website, North West Terminal (NWT) announced it is idling its grain elevator near Unity, Sask., due to financial challenges. NWT started what it calls a “strategic review process” last August... Read this article online
New transport minister in small cabinet shuffle Thursday, September 19, 2024 A small cabinet shuffle in Ottawa on Thursday will result in a new federal transport minister. Current Treasury Board President Anita Anand is set to add the transport minister portfolio to her workload, CTV News and the Star have reported. This move comes after former minister of transport... Read this article online