Reading Time: 2 minutes MarketsFarm — Cam Dahl, general manager of Manitoba Pork, has felt the highs and lows of the province’s pork industry over the past few months. While he expects Manitoba’s feed grain harvest to provide some relief to feed prices for pork producers, Dahl also mentioned Russia’s invasion of Ukraine, the African swine fever situation in […] Read more
Market uncertainty, election weigh on Manitoba pork sector
Volatility remains a feature, Manitoba Pork GM says
U.K. firm to process meats in Canada for Walmart
Plant would be Hilton Foods' first in North America
Reading Time: 3 minutes A British-based firm processing proteins for the retail and foodservice sectors plans to set up shop somewhere in Eastern Canada, after reaching a deal to supply meat products to Walmart’s Canadian grocery business. Hilton Food Group announced Thursday it plans to open a new manufacturing plant in that region to supply Walmart Supercentres in Canada […] Read more
U.S. livestock: Chicago hogs turn upward
Cattle futures down on day
Reading Time: < 1 minute Chicago Mercantile Exchange (CME) lean hog futures turned solidly upward Tuesday, a day after most trading months except October booked declines. October lean hogs closed Tuesday at 84.85 cents/lb., up 1.6 cents from Monday, while December closed at 76.25 cents, up 1.825 cents on the day (all figures US$). October hogs had dipped below 82 […] Read more
Olymel to consolidate Ontario, Quebec further-processing
Chicken plant at Paris, Ont., and pork plant at Princeville, Que. to close
Reading Time: 3 minutes 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 […] Read more
JBS posts quarterly loss on tight U.S. beef margins
'Greater balance' forecasted for global chicken supply
Reading Time: 2 minutes 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 […] Read more
U.S. livestock: feeder cattle futures gain boost from corn market weakness
Meat packers continued to see profit margins stay in the red
Reading Time: < 1 minute Meat packers continued to see profit margins stay in the red
Pork sector calls for essential service status amid B.C. port strike
Council says pork should receive same consideration as grains
Reading Time: 3 minutes Leaders in Canada’s pork sector are calling on the federal government to give perishable agriculture products the same consideration and protection as grain. The call comes as a longshore workers’ strike at British Columbia’s West Coast ports nears its second week, blocking the shipment of Canadian meat and most other exports. Canadian Pork Council (CPC) […] Read more
Olymel bacon plant deal a ‘signal,’ union says
Deal ends three-week strike at Drummondville
Reading Time: 2 minutes Unionized workers at Olymel’s bacon processing plant at Drummondville, Que. have voted to accept a four-year deal, ending a three-week strike and serving as a “signal” to employers in the region, their union said. Olymel announced Friday that CSN-represented workers at the Bacon Inter-America facility, who’d been on strike since May 26, voted 93.6 per […] Read more
Inflation, interest rates, input costs catch up to meat sector
Canada's meat industry hits hard times
Reading Time: 4 minutes There’s been a torrent of bad news in the meat sector in the last two months. Tyson Foods reported its first quarterly loss since 2009; HyLife’s processing plant in Windom, Minn., declared bankruptcy; Smithfield Foods is closing 40 sow farms in Missouri; Olymel announced the permanent closure of its Vallée-Jonction hog plant in Quebec; and […] Read more
U.S. livestock: Live cattle, lean hogs turn lower
August feeder cattle down second day
Reading Time: < 1 minute The Chicago Mercantile Exchange’s most-active live cattle and lean hog futures turned lower Monday on a down day overall in livestock trade. CME June live cattle ended lower Monday after three consecutive days’ climb, at one point dipping below their 10-day moving average before closing at 164.875 cents/lb., down 0.6 cents on the day (all […] Read more
A message from April Stewart, Country Guide's Associate Editor
