Pork Archives - Page 17 of 95 - Manitoba Co-operator

File photo of signage outside Maple Leaf Foods’ Lagimodiere Boulevard plant in Winnipeg. (Dave Bedard photo)

Maple Leaf sees ‘inflection point’ beyond red ink of 2022

Packer books net losses in Q4, full-year

By Dave Bedard, GFM Network News March 14, 2023

Another of Canada’s major pork and poultry packers has reported significant net losses in its 2022 ledger, but sees “green shoots” suggesting a return to normal pork markets and stable supply chains this year. Maple Leaf Foods on Thursday reported a net loss of $311.89 million on $4.739 billion in gross sales for its fiscal

Livestock

Cyberattack a $23 million hit on Maple Leaf ledger

Company refused to pay ransom

By Dave Bedard, GFM Network News March 10, 2023

Last fall’s ransomware attack at pork and poultry packer Maple Leaf Foods led to an “adverse economic impact” of $23 million or more on the company’s bottom line as it worked to restore systems, officials said. The company on Thursday released that estimate as part of its fourth-quarter financial report, in which it booked a

Livestock

Meat lobby says U.S. voluntary label rule could spur trade action

Ottawa to review Washington's proposed 'Product of USA' rule

By Dave Bedard, GFM Network News March 8, 2023

U.S. meat industry lobbyists say Washington’s proposed new rules governing voluntary ‘Product of USA’ or ‘Made in the USA’ labels would “impose the same standard” as that country’s now-defunct mandatory country-of-origin labelling (COOL) law — and frustrate U.S. packers who import Canadian meat or livestock. The U.S. Department of Agriculture and its Food Safety and

“It’s really gratifying seeing Canadian pork on shelves literally around the world."

News

Bergmann’s exit the end of an era

Bergmann leaves his CPC role as the pork council’s longest-running chair

By Alexis Stockford February 3, 2023

Rick Bergmann of Steinbach has seen a few things during his time at the helm of the Canadian Pork Council board. Elected as chair in 2015, Bergmann stepped down this January. “You have to look back and look (at) what you’ve done or accomplished,” he said. In the case of an eight-year incumbency at the

News

China pork output hits highest in eight years

By Dominique Patton January 31, 2023

Reuters – China’s pork output in 2022 increased 4.6 per cent from 2021 to reach its highest since 2014, official data showed Jan. 17. The data confounded some expectations for a smaller rise. Pork output in the world’s top producer of the meat reached 55.41 million tonnes, the highest since eight years ago, when 56.71

There are reasons to be optimistic for 2023, but there are also levels of risk and uncertainty that we have not seen before.

Comment, Op/Ed

Comment: 2023 — The year of risk management

Pork producers will want to look for ways to dampen volatility and risk this year

By Cam Dahl January 23, 2023

When we talk about the passing of 2022, the most common response I hear is “good riddance.” It was a year of uncertainty. We saw disruptions to supply chains and reverberations from COVID-19. The war in Ukraine impacted markets and African swine fever jolted traditional supply and demand. Will 2023 be any better? Many of

Piglets at a hog operation in China. (KuLouKu/iStock/Getty Images)

Hogs, Livestock

China’s 2022 pork output highest in eight years

Average hog weights remain relatively high

By Dominique Patton, GFM Network News January 17, 2023

Reuters — China’s pork output increased 4.6 per cent in 2022 from 2021 to reach its highest level since 2014, official data showed on Tuesday, confounding some expectations for a smaller rise. Pork output in the world’s top producer of the meat reached 55.41 million tonnes, the highest since 56.71 million tonnes recorded eight years

Hogs, Markets

Pork cutout sinks, dragging down lean hog prices

By Karl Plume January 13, 2023

Reuters – Weak cash hog prices and lower pork values dragged the market to a fresh three-month low Jan. 11, traders said. Pork packer margins have eroded and the closely followed cash wholesale pork cutout value fell to the lowest level in nearly two years on the same day. “The anchor on the hogs is

CME February 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

Livestock, Markets

U.S. livestock: CME live cattle firm on cash resiliency

Lean hogs down on supply outlook

By Christopher Walljasper, GFM Network News December 10, 2022

Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange climbed on Friday, supported by resilient cash cattle prices across the U.S. Plains this week, traders said. “We had cash come right back,” said Joe Kooima, commodity broker at Kooima Kooima Varilek Trading Inc. “Cash was a dollar better in the south.” Cash

CME January 2023 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)

Livestock, Markets

U.S. livestock: Cattle futures firm despite softer cash cattle

Hog futures down as exports disappoint

By Christopher Walljasper, GFM Network News December 9, 2022

Chicago | Reuters — Feeder cattle futures on the Chicago Mercantile Exchange climbed on Thursday, supported by sluggish corn futures, while live cattle gains were muted as meatpackers offered lower cash cattle prices this week, traders said. “They’ve backed off a bit in the cash market,” said Doug Houghton, technical analyst at Brock Capital Management.

Daily Network News

U.S. livestock: Cattle futures gain, hogs fall back

U.S. grains: Chicago grains and oilseeds rise on recent dollar weakness, biofuel optimism

Western Canadian resentment not exceptional — or highest in country — pollster says

Tag Archives Pork