Smithfield Foods raised its annual operating profit forecast on Tuesday as its hog business rebounded from losses and the biggest U.S. pork processor said it resumed U.S. exports to China that had been crippled by tariffs.
Pork
Smithfield Foods raises annual profit forecast as hog business recovers
World food prices at two-year high on rising meat and edible oils, FAO says
World food commodity prices rose in July to their highest in over two years, as a jump for vegetable oils and record levels for meat outweighed falling cereal, dairy and sugar prices, the United Nations' Food and Agriculture Organization said.
U.S. livestock: Cattle futures climb as U.S. herd remains small
Chicago | Reuters – Chicago Mercantile Exchange cattle futures turned higher on Friday, as traders anticipated U.S. government reports would show tight cattle supplies. After the market closed, the U.S. Department of Agriculture reported that the nation’s cattle herd was 94.2 million head as of July 1, a record low for that date. In a separate report, USDA […] Read more
U.S. Republicans continue push to override California animal welfare law
Proposition 12 has potential to affect Canadian hog farmers who frequently sell into the U.S. market
U.S. Republicans are continuing years-long effort to override a California's Proposition 12, which bans the sale of pork from pigs kept in tightly confined spaces, arguing in a House Agriculture Committee hearing that the law is overly burdensome to farmers.
Canadian Pork Council meets with U.S. and Mexican counterparts
North American pork sector committed to food security, responsible production
Leaders of the North American pork sector reaffirmed their commitment to producing nutritious, sustainable and affordable pork at a recent trilateral meeting held in Niagara on the Lake, Ont.
Canada’s foreign affairs minister spoke with Chinese counterpart, federal government says
Canada's minister of foreign affairs spoke with her Chinese counterpart while in Malaysia last week, the federal government said.
U.S. livestock: Cattle futures climb, hogs fall
Chicago cattle futures rose to start the week while hogs fell back.
Maple Leaf Foods spin off approved
Shareholders voted in favour of Canada Packers Inc., which will cover the food company’s pork operations
Maple Leaf Foods shareholders approved with an overwhelming majority the food processing company's plan to spin off its pork operations to Canada Packers Inc.
Olymel to expand Quebec sausage plant, shutter two sites
Meat processor Olymel will expand its sausage production facility in Trois-Rivières and will shut down two other Quebec locations the company announced Tuesday.
China delays decision in EU pork import case amid EV tariff talks
China extended on Tuesday a high-profile investigation into imported pork from the European Union by six months, days before it was due to wrap up and as negotiators from Brussels and Beijing carve out a deal over the bloc's electric vehicle tariffs.