(Dave Bedard photo)

Maple Leaf dishes up first-quarter profit

Reuters — Canadian meat processor Maple Leaf Foods reported a better-than-expected quarterly profit, helped by higher earnings in its prepared meats business. Adjusted operating earnings in the meat products segment rose nearly eight-fold to $61.3 million in the Toronto company’s first quarter, helped by lower operating costs and price increases. The company, whose brands include […] Read more


(Gloria Solano-Aguilar photo courtesy ARS/USDA)

West’s hog farmers urged to insist trailers cleaned in Canada

Hog industry officials in Western Canada want hog producers to insist that livestock trailers coming to their farms be washed at certified Canadian cleaning facilities — even if the trailers were just cleaned on the U.S. side of the border. The recommendation comes as a federally-approved trailer-wash pilot project, credited with helping to keep porcine epidemic diarrhea […] Read more



(Photo courtesy ARS/USDA)

Russian farming firm to test investor appetite

Moscow | Reuters — Russian farming conglomerate Rusagro launched a secondary share offering on Thursday which will test foreign appetite for Russian assets. Share sales by Russian companies have been rare since Western sanctions imposed in 2014 over Ukraine cut access to foreign capital markets and after a sharp drop in global oil prices, the […] Read more



(CMEGroup.com)

U.S. livestock: Hog futures jump on fund buying, USDA report

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed higher on Monday, driven by short-covering and fund buying after contracts broke through technical resistance levels, traders said. They said last Friday’s U.S. Department of Agriculture quarterly hog report stirred additional deferred-month buying. The survey showed modest U.S. herd growth during the December-February quarter […] Read more



U.S. livestock: CME live cattle snaps back in anticipation of cash prices

Chicago/Reuters – Chicago Mercantile Exchange live cattle contracts rose on Friday, paring recent losses as investors pulled futures closer in line with expectations for cash prices later on Friday, traders said. April closed 0.900 cent per lb higher at 136.350 cents, and June ended up 0.850 cent to 126.475. “We’re just playing catch up to […] Read more

(Dave Bedard photo)

Maple Leaf profit beats as margins improve

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