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
Ag mentioned in Manitoba throne speech Friday, November 22, 2024 Manitoba’s ag sector received multiple mentions during the Nov. 19 throne speech. During Lieutenant Governor Anita Neville’s remarks, she highlighted the government’s plans for Winnipeg. “Our new vision for downtown Winnipeg includes Manitoba’s agricultural sector,” she said. “The new... Read this article online
AEM adds two ag equipment innovators to its Hall of Fame Friday, November 22, 2024 At the recently held Annual Conference of the Association of Equipment Manufacturers (AEM), Roy Applequist and Al McQuinn—two innovators in the agricultural equipment industry—were formally inducted into the association’s . The AEM is North America’s premier trade organization... Read this article online
AGI’s pink conveyor campaign raises more than $60,000 for breast cancer research Thursday, November 21, 2024 Among the greens and reds associated with some of the equipment at Bolt Seed Farms near Wynyard, Sask., one piece of machinery with a unique paint job recently arrived. With a bid of $65,100, Scott Bolt and the Bolt family had the highest bid for Ag Growth International’s (AGI) pink UCX³... Read this article online
IGTC appoints a new Canadian VP Thursday, November 21, 2024 The International Grain Trade Coalition (IGTC) recently held its annual General Assembly in Geneva, Switzerland, gathering international members both in person and virtually to chart a strategic course for the years ahead. The event’s agenda covered critical issues in the global grain... Read this article online
Native plants could be the solution for poultry feed in Alberta Thursday, November 21, 2024 At Lethbridge Polytechnic, Dr. Sophie Kernéis-Golsteyn, a microbiologist, is leading research into antibiotic properties of native Alberta plants to find a natural feed additive for poultry. The project, funded with $80,000 from the Egg Farmers of Canada, will run for 2.5 years in the... Read this article online