Mexico Begins U.S. Chicken Probe

Mexico, the top foreign buyer of U.S. chicken last year, said Feb. 8 it would investigate U.S. producers over dumping complaints lodged by Mexican chicken processors. Mexican chicken processors allege U.S. producers sold chicken legs and thighs on the Mexican market below their cost of production in 2010. Among the U.S. producers named in the

Beef Plant Gains Russia Access

Russia has allowed beef imports from Cargill’s plant in Guelph, Ontario, as the world’s No. 2 beef importer gradually lifts restrictions it has had in place on Canadian plants since a 2003 discovery of BSE, or mad cow disease in Western Canada. Access to Russia will mean an additional $2 million in annual sales for


Maple Leaf Gives West Face CEO A Seat On Board

Maple Leaf Foods appointed the head of investment fund West Face Capital to its board Feb. 3, bringing in a leading activist shareholder who has been critical of corporate governance at the Canadian food processor. West Face chief executive Gregory Boland joins the board six months after the Torontobased investment fund took a stake in

Smithfield Foods Accused Of Abusing Pigs

The Humane Society of the United States (HSUS) has accused Smithfield Foods Inc., the world’s largest pork producer, of inhumane treatment of pigs and piglets, releasing a video documenting what the group said were cruel practices. The society said that it documented mistreatment of the animals after a month-long investigation at a Waverly, Virginia, facility


Smithfield Hog Profits Soar

Smithfield Foods Inc. expects to post a record profit this year as its moves to cut meat supplies are paying off with higher prices, and its shares rose more than 10 per cent. Smithfield is recovering from two years of losses that resulted from high feed prices, a glut of hogs and a recession that

Ontario Teachers’ Sells Stake In Maple Leaf Foods

Ontar io Teachers’ Pension Plan will sell its entire 25 per cent stake in Maple Leaf Foods at a sharp discount, ending the fund’s longtime role in one of Canada’s top food processors. Teachers’ said Nov. 23 it will sell its 34.5 million shares at $10.50 each to underwriters BMO Capital Markets and TD Securities


Maple Leaf Foods To Close Nova Scotia Meat Plant

Maple Leaf Foods, one of Canada’s leading food processors, said Nov. 17 that it will close its pork plant in Berwick, Nova Scotia, at the end of April. The plant closure is the first since Maple Leaf announced in October that it plans to boost earnings by closing some plants and spending heavily to modernize

Two Maple Leaf Directors Quit Over Strategic Plan

Two directors of Maple Leaf Foods, who represented a key shareholder, have resigned from the company’s board in a dispute related to the food processor’s strategic plan. Wayne Kozun and William Royan represented the Ontario Teachers’ Pension Plan, which has about a 25 per cent stake in the big Canadian food processor. Earlier this year


In Brief… – for Oct. 14, 2010

Tariffs dropped:A federal decision to remove tariffs on imported vessels in the St. Lawrence Seaway is good news for western Canadian farmers, the Canadian Wheat Board says. “By removing the 25 per cent tariff on imported vessels, the Government of Canada has made the purchase of new lakers more economically feasible, helping to ensure farmers

Maple Leaf Urged To Put Meat Plant In Manitoba

Manitoba hog producers hope Maple Leaf Foods will locate a new prepared meats plant here to accompany its existing pork operations in the province. The plant promised by Maple Leaf would be a natural fit for the company’s stated purpose of consolidating food-processing operations, said Karl Kynoch, Manitoba Pork Council chairman. Since Maple Leaf already