ConAgra Profit Tops Expectations

ConAgra Foods Inc. has posted a higher-than-expected quarterly profit as its consumer foods business benefited from price increases and cost cuts. The company has sold off some units, such as a commodity trading and merchandising business, to focus on areas like consumer foods, which include brands like Healthy Choice frozen meals and Peter Pan peanut

Project Soy Creates New Products

Soybeans could begin cutting into the maple syrup market sometime soon. Anita Chung and Evelyn Yeh, winners of this year’s Project Soy competition among students at the University of Guelph, have developed a maple syrup knockoff product from a blend of soybean protein and fibre. Peter Hannam, who started the competition in 1996 when he


Dairy Industry Mulls New Approach To Food Safety

Dealing with actual threats to food safety rather than perceived ones is the goal of the Canadian dairy industry following a special conference that brought together processors and producers. While dairy products have an enviable safety record, the industry wants to make risk assessment a bigger part of the internationally recognized HACCP approach it employs

Cargill Plant Seized By Venezuelan Government

“The measure only includes the rice plant.” – ELIAS JAUA, AGRICULTURE MINISTER Venezuela said March 5 it has no plans to take over any additional holdings of U. S. food giant Cargill after socialist President Hugo Chavez ordered the seizure of the rice plant, renewing his nationalization drive. Chavez’s clash with the food companies, demanding


Canada Hog Price Forecast Stable As Supply Drops

Canadian hog farmers should see stable prices this year as supply drops faster than demand, a market analyst told the Canadian Wheat Board’s GrainWorld conference on Feb. 24. Prices will reach $140 per hog this quarter and rise as high as $174 per hog by the third quarter, said Steve Dziver of Winnipegbased research firm

Smithfield To Shut Plants, Cut Jobs

Smithfield Foods said Feb. 17 it would close six processed meat plants and eliminate 1,800 jobs while retaining its current hog slaughter capacity as it restructures its pork group. Smithfield, the largest U. S. hog and pork producer, makes more than 50 brands of pork and turkey products including John Morrell, Eckrich and Armour. None


Brazil’s JBS Drops U. S. National Beef Bid

Brazil’s JBS, the world’s largest beef producer and owner of JBS-Swift, has abandoned its attempt to take over U. S. meat company National Beef Packing Co., saying it could not work out an agreement with U. S. authorities over terms of the deal. JBS became the No. 3 U. S. beef producer in 2008 when

Heart And Stroke Calls For Trans Fat Regulation

“What is disturbing is that while some producers of the products have long ago complied with the recommendations, others continue to ignore them entirely.” – HANDS CEO AND CO-CHAIR OF THE TRANS FAT TASK FORCE SALLY BROWN The Heart and Stroke Foundation says disappointing results from two years of voluntary efforts by the food industry


Government’s Role In Fixing The Mess

You don’t need to be really sophisticated to see that we’ve messed up bad as a species. 2008 provided the ultimate proof, if it was needed. The financial crisis engulfing the world didn’t happen by accident. It was caused by human stupidity, primarily the stupidity of elected officials who fell for the line that the

Tight U. S. Market To Shut Cargill Feed Mill

Citing costs and restrictions making the U. S. feed market uncompetitive, the Canadian wing of U. S. agrifood giant Cargill plans to stop production at a southwestern Ontario feed plant. Winnipeg-based Cargill Ltd. announced Feb. 10 it will cease operations at its animal feed production mill at Arkona, Ont., about 55 km west of London,