(Dave Bedard photo)

Maple Leaf profit beats as margins improve

Reuters — Canadian pork processor Maple Leaf Foods posted a better-than-expected fourth-quarter profit as margins in its prepared meats business improved. Adjusted operating profit in the meat products group, which includes brands such as Schneiders and the company’s namesake Maple Leaf brand, was $54.6 million, compared with a year-ago loss of $19.1 million. The Mississauga-based




(Regis Lefebure photo courtesy ARS/USDA)

Coop Federee to offer Olymel stake

Reuters — Quebec-based La Coop Federee, one of Canada’s biggest farmer co-operatives, is offering for sale up to 49 per cent of pork processor Olymel, to help fund expansion in Western Canada, CEO Gaetan Desroches said in an interview. La Co-op would retain control of Olymel, which along with Maple Leaf Foods is one of


(Photo courtesy CN)

Transport review urges scrapping railway grain revenue cap

Winnipeg | Reuters — Ottawa should phase out over seven years its cap on the amount of revenue railways can earn transporting grain, a study for the Canadian government recommended Thursday, a move long urged by railways and opposed by farmers and grain handlers. A review of Canadian transportation laws, aimed at modernizing the system,

(Dave Bedard photo)

Cargill joint venture to build grain terminal in Ukraine

Kiev | Reuters — U.S. agriculture giant Cargill and Ukraine’s MV Cargo said they would build and operate a grain terminal at Ukraine’s Black Sea port of Yuzhny under a US$100 million joint venture agreement signed Wednesday. The terminal, near Ukraine’s biggest port city of Odessa, will have an annual loading capacity of five million


(Gloria Solano-Aguilar photo courtesy ARS/USDA)

Pork market looks to improve by spring

CNS Canada — Canadian pork prices are feeling a modest bump upward as healthy U.S. exports clean up some excess North American pork supplies. Canadian slaughter-weight prices hit their lows in November and December — and since then, they have increased about 30 per cent, according to Brad Marceniuk, a livestock economist for Saskatchewan’s agriculture




Swan River meeting calls for return of CWB

About 50 farmers supported the resolution

A group of Manitoba and Saskatchewan farmers wants the Canadian Wheat Board and its single-desk marketing system reinstated. Organizers of a meeting Feb. 10 in Swan River say 50 farmers attended and unanimously passed a resolution calling for a return to orderly marketing and co-ordinated grain transportation logistics. The resolution says loss of the board