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Beef cattle, Hogs, Livestock, News, Other livestock

Smithfield Foods third-quarter results beat Wall Street estimates

reuters / Smithfield Foods Inc., the largest U.S. hog producer, reported third-quarter results that beat Wall Street estimates, helped by higher sales of packaged meat products such as Smithfield bacon and Eckrich and Armour sausages. The company, which receives nearly half of its revenue from packaged meat, said higher demand from international markets, particularly from
Hogs, Livestock, News

Smithfield board to review advice from big shareholder

reuters / Smithfield Foods Inc. said March 8 it would review a letter from shareholder Continental Grain Co., which is urging the top U.S. hog producer to consider steps such as splitting into three units and initiating a regular cash dividend. Shares of Smithfield rose 3.3 per cent to $25.50 in pre-market trading. Smithfield said
Hogs, International news, Livestock

World Bank lends money for Mexican pork initiative

Reuters / The World Bank’s private-sector lender is loaning $40 million to Norson, a joint venture in Mexico of local investors and the world’s largest pork processor Smithfield Foods, to expand production and cut greenhouse gas emissions at its plants. The International Finance Corp. (IFC) said the loan will help Norson Holdings increase production, processing
Hogs, Livestock, Livestock Markets

Prices, drought and trade dominate hog meeting

By
A severe drought in the United States and increased Chinese restrictions on pork imports are casting a long shadow over Manitoba’s beleaguered hog industry. The drought, which sent feed prices skyrocketing last year, continues in the U.S. Corn and Soybean Belt, despite improved precipitation this winter. More than half of the continental United States is
Cereals, Crops, Hogs, News

Pullouts hit CFA finances

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The Canadian Pork Council, along with the Canadian Wheat Board and the Canadian Horticultural Council, are no longer members of the Canadian Federation of Agriculture. Not only do the departures throw a big spanner into CFA’s finances, they have some observers questioning whether it can still claim to be the country’s main national farm organization.
Hogs, Livestock

Feed withdrawal saves costs and contamination

By
Not withdrawing feed for a period prior to shipping market hogs can cost up to $5 per head, according to Dr. Eduardo Beltranena of Alberta Agriculture and Rural Development. Not only that, he says, it can also increase transportation losses and compromise pork safety. However, while packer contracts stipulate that feed withdrawal should be carried
Hogs, Livestock, Livestock Markets, News

Heating up the COOL dispute

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The Canadian Cattlemen’s Association and the Canadian Pork Council want Ottawa to up the pressure on Washington to end its discriminatory country-of-origin labelling regulations. The World Trade Organization has given the U.S. until May 23 to amend its COOL legislation or face retaliation from Canada and Mexico. “Canada still expects the U.S. to meet the
Cereals, Dairy cattle, Hogs, Opinion

Colourful, but effective

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Both Alex Binkley and Allan Dawson relate some memories of the accomplishments of the late Eugene Whelan elsewhere in this issue, but we can’t let him leave us without noting one ambition he failed to achieve. Whelan desperately wanted to be minister responsible for the Canadian Wheat Board (never making a secret of it) but
Hogs, Livestock

Smithfield says it will meet China’s deadline on pork

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China wants third-party verification that
imports are free of the additive that promotes lean muscle growth

Smithfield Foods Inc., the world’s largest pork processor, said Feb. 21 it will be able to supply pork that is free of the feed additive ractopamine in time to meet a March 1 deadline by China. China, the world’s largest pork consumer and the third-largest market for U.S. pork with sales of over $800 million

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