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(Sollio Co-operative Group video screengrab via YouTube)
Hogs, Livestock

Olymel to consolidate Ontario, Quebec further-processing

Chicken plant at Paris, Ont., and pork plant at Princeville, Que. to close

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Pork and poultry packer Olymel is preparing to permanently shut two further-processing facilities and shift their work to other plants in a new round of consolidation. Olymel, the meat packing arm of Quebec’s Sollio Cooperative, announced Wednesday it will permanently close its pork boning and packaging plant at Princeville, Que. effective Nov. 10, and its
Livestock Markets, Markets

Brazil feeds global chicken glut

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Accelerated Brazilian chicken production will continue at least through the end of 2024, according to a lobby group for chicken and pork processors in mid-August. The news has been seen as a sign that a global chicken glut may not subside soon. An oversupplied chicken market affected Brazilian meatpackers’ earnings in recent quarters, also forcing
JBS signage at Greeley, Colorado. (JBS.com.br)
Beef cattle, Livestock, Markets

JBS posts quarterly loss on tight U.S. beef margins

'Greater balance' forecasted for global chicken supply

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Sao Paulo | Reuters — Brazilian meat company JBS SA on Monday reported a second-quarter loss citing the negative effects of an oversupplied global chicken market and tighter margins for its beef business in the U.S., where it gets most of its sales. JBS reported a net loss of 263.6 million reais (C$73.8 million), the
The Verkhovna Rada building, home to Ukraine’s parliament, in Kiev. (Cia.gov)
Livestock

Ukraine lifts barriers to exports of some farm goods

Export licenses were in place to maintain domestic supplies

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Kyiv | Reuters — Ukraine has removed barriers to the export of some agricultural commodities, imposed last year to prevent food shortages, in a bid to boost foreign currency income, its government said on Tuesday. The country introduced export licences in 2022 to protect food supplies after agricultural production was hit by Russia’s invasion. While
(Stephen Ausmus photo courtesy ARS/USDA)
Livestock

New report shows poultry sector burdened by expectations

Simpson Centre paper calls for increased research, financial sustainability for sector

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Updated, May 17 — The Simpson Centre for Food and Agricultural Policy has released a report detailing its findings on challenges now facing Canada’s poultry sector. The report, co-authored by research assistant Shawn Wiskar and centre director Guillaume Lhermie and released Thursday, used a focus group of six stakeholders in the Canadian poultry industry. It
Close-up of a McDonald’s double Quarter Pounder with bacon. (Corporate.mcdonalds.com)
Livestock, Markets

McDonald’s reported laying off hundreds of corporate employees

Layoffs don't include restaurant-level workers

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New York | Reuters — The number of corporate employees McDonald’s Corp. plans to lay off this week will tally in the “hundreds,” a source familiar with the burger chain’s thinking said on Monday, as the company moves forward with a previously announced restructuring. The fast-food company is closing its offices “out of respect,” and
A cooked piece of cultivated chicken breast created at the UPSIDE Foods plant, where lab-grown meat is cultivated in January 2023.
Comment, Op/Ed

Comment: Scaling up cellular is agriculture’s biggest challenge

If we perfect cultivated meat, we could hedge against food shortages

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It didn’t get much attention when U.S. President Joe Biden launched a biomanufacturing initiative last September. But it should have. Biomanufacturing is about harnessing nature’s factories – cells – to make just about anything. That includes food. As Biden pointed out, biomanufacturing could boost food security. How? By cultivating meat. Having a roast for dinner
Pilgrim’s Pride underestimated U.S. meat supplies, hurting earnings
Markets, News

Pilgrim’s Pride underestimated U.S. meat supplies, hurting earnings

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Reuters – Pilgrim’s Pride, one of the biggest U.S. chicken companies, underestimated meat production at the end of last year, Chief Executive Fabio Sandri said after the company reported a surprise quarterly loss. The company, owned mostly by meatpacker JBS, joined rival Tyson Foods in misjudging that lower beef and pork supplies would increase demand
(Nadezhda_Nesterova/iStock/Getty Images)
Livestock, Markets

Bill to keep supply management off trade table moving forward

CCA, other groups oppose proposal as Bloc MP's private bill passes second reading

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A federal private member’s bill that would codify the current government’s promise to leave supply-managed ag commodities out of any future free trade deals has advanced to the committee stage. Introduced last June 13 by Bloc Quebecois MP Luc Theriault, Bill C-282 came back last Wednesday to pass second reading in the House of Commons

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