Reading Time: < 1 minute Reuters — Meat processor Maple Leaf Foods on Wednesday reported a 70.4 per cent jump in quarterly profit as lower costs and higher prices boosted earnings at its prepared meats business. Maple Leaf said adjusted operating earnings in its meat products unit, the company’s primary source of income, more than doubled to $65.93 million in […] Read more
Maple Leaf profit jumps by over 70 per cent
U.S. pork packing plant boom may boost hog prices
Reading Time: 2 minutes Chicago / Reuters – The U.S. pork industry could be heading for higher hog prices as processing plants come on line at an unprecedented rate with packers investing millions of dollars to satisfy the appetite of protein-hungry China, industry analysts said. Pork packers including Seaboard Foods and Triumph Foods, who slaughter hogs and turn them into […] Read more
Beijing to release frozen pork to temper price rise
Reading Time: < 1 minute Beijing | Reuters –– Beijing will release 3.05 million kilograms of frozen pork from its reserves over the next two months to combat rising pork prices, the city government said on Wednesday. Starting from Thursday and lasting until July 4, the Beijing municipal government will sell 50,000 kg of pork each day to 121 supermarket chains […] Read more
Maple Leaf profit beats as margins improve
Reading Time: < 1 minute Reuters — Canadian pork processor Maple Leaf Foods posted a better-than-expected fourth-quarter profit as margins in its prepared meats business improved. Adjusted operating profit in the meat products group, which includes brands such as Schneiders and the company’s namesake Maple Leaf brand, was $54.6 million, compared with a year-ago loss of $19.1 million. The Mississauga-based […] Read more
Packers approved to move beef, pork to Ukraine
Reading Time: 2 minutes Inspectors have approved 15 Canadian beef and pork processing plants to export to Ukraine, more than doubling the number of Canadian meat plants able to ship to the country. Federal Agriculture Minister Lawrence MacAulay and Trade Minister Chrystia Freeland on Monday announced Ukraine has, essentially, approved beef and pork exports from any Canadian federally-registered establishment […] Read more
China to resume imports from U.S. pork plants
Reading Time: < 1 minute Chicago | Reuters — China, the world’s largest pork consumer, will soon resume imports from 14 U.S. pork plants and warehouses, after halting some shipments last year over the use of a feed additive, the U.S. Department of Agriculture said Friday. USDA did not provide a date on which China will resume the imports. China’s […] Read more
Subway shifting all U.S. meat supplies to no antibiotics, ever
Reading Time: 2 minutes Chicago | Reuters –– Sandwich chain Subway will start serving antibiotic-free chicken and turkey at its U.S. restaurants next year, and within the next nine years will stop selling any meat from animals given antibiotics, the company said Tuesday. Rivals such as Chipotle Mexican Grill and McDonald’s have announced similar supply-chain shifts, adding pressure on […] Read more
Dawson: Ag exporters applaud historic TPP deal
Reading Time: 3 minutes Export-oriented Canadian farmers are giving the Trans-Pacific Partnership (TPP) agreement reached in Atlanta on Monday two thumbs up. The deal, which remains to be debated in Canada’s House of Commons and could take more than a year to be ratified by all 12 member countries, will see tariffs on Canadian products in those markets eliminated […] Read more
Producer groups lobby for TPP deal in Atlanta
Reading Time: 3 minutes Several Canadian grain and livestock commodity groups have representatives in Atlanta this week pressing for federal negotiators to keep Canada in play on the Trans-Pacific Partnership. Trade ministers from the 12 TPP countries — also including the U.S., Mexico, Japan, Australia, New Zealand, Chile, Peru, Vietnam, Malaysia, Singapore and Brunei Darussalam — are meeting in […] Read more
McDonald’s investor wants it to cut antibiotics in all meats
Reading Time: 2 minutes Los Angeles | Reuters –– A McDonald’s Corp. shareholder group is renewing its call for the fast-food chain to stop buying any meat from animals raised with antibiotics vital to fighting human infections. The move from the Congregation of Benedictine Sisters of Boerne, Texas, comes amid growing concern from public health experts that the overuse […] Read more
A message from April Stewart, Country Guide's Associate Editor
