Maple Leaf Archives - Page 3 of 5

Maple Leaf profit misses estimates on weak pork prices

By Reuters, GFM Network News February 28, 2019

Reuters — Packaged meat producer Maple Leaf Foods missed analysts’ estimates for quarterly profit on Thursday, as weak pork prices offset growth in its prepared meats business. Pork prices have taken a beating from the Sino-U.S. trade war, with China’s retaliatory tariffs affecting demand from the South Asian country, which is the world’s biggest pork […] Read more

Livestock, Poultry/Eggs

Maple Leaf to consolidate Ontario poultry processing

By GFM Network News November 27, 2018

A new $660 million plant at London, Ont. will house Maple Leaf Foods’ Ontario fresh poultry processing operations by mid-2021 as the food processing firm prepares to shut three older facilities. Toronto-based Maple Leaf announced Monday it will build a 640,000-square foot plant at London, billed as “one of the most technologically advanced poultry-processing plants […] Read more

Field Roast’s plant-based FieldBurger is made using assorted vegetables, mushrooms and barley. (FieldRoast.com)

Crops, Fruit/Vegetables, Pulses

Maple Leaf buys further into ‘meat’ market

By GFM Network News December 7, 2017

One of Canada’s biggest packaged meat companies is further expanding its space on the non-animal protein shelf with a deal for U.S. processor Field Roast Grain Meat. Maple Leaf Foods announced Nov. 30 it will pay US$120 million (C$153.9 million) for the Seattle-based company, which makes and markets premium grain-based “meat” and vegan cheese products. […] Read more

Hogs, Livestock, Pulses, Reuters

Maple Leaf Q3 profit beats on overall sales growth

By Reuters, GFM Network News October 26, 2017

Reuters — Maple Leaf Foods, one of Canada’s biggest pork processors, posted a quarterly profit that beat analysts’ estimates, helped by growth across all its businesses. The company, whose brands include Schneiders, Maple Leaf and, since March, Lightlife, said adjusted operating earnings rose to $65.15 million in the third quarter from $61.52 million a year […] Read more

(Regis Lefebure photo courtesy ARS/USDA)

Hogs, Livestock, Reuters

PED’s spread alarms piglet-exporting Manitoba

By Rod Nickel, GFM Network News June 2, 2017

Winnipeg | Reuters — The deadly pig disease PEDv (porcine epidemic diarrhea virus) is spreading faster than expected in Manitoba, Canada’s biggest piglet-producing province. The number of cases since the beginning of May, now at 10, matches the total from the past three years combined, although the outbreak is not comparable in scale to PEDv’s […] Read more

Livestock, Reuters

Maple Leaf posts higher-than-expected profit

By Reuters, GFM Network News April 27, 2017

Reuters — Meat-packing company Maple Leaf Foods reported a better-than-expected quarterly profit, driven by increased retail sales in Canada and higher exports. The company, whose brands include Schneiders and namesake Maple Leaf, said adjusted operating earnings rose 10 per cent to $59 million in the first quarter ended March 31. Maple Leaf, which is Canada’s […] Read more

Hogs, Livestock, Poultry/Eggs, Reuters

Cash-rich Maple Leaf sees abundant U.S. opportunities

By Rod Nickel, GFM Network News February 22, 2017

Reuters — Canadian meat packing company Maple Leaf Foods is hunting for acquisitions in the U.S., after years spent upgrading old factories and shedding business lines, its CEO said on Wednesday. Maple Leaf, which reported on Wednesday its profits doubled in the fourth quarter, sees growth opportunities from meat produced humanely and without antibiotics, and […] Read more

Crops, Pulses, Soybeans

Maple Leaf to buy U.S. veggie dog, burger maker

By Grainews Staff, GFM Network News February 21, 2017

Canadian meat packer Maple Leaf Foods is buying space on the non-meat side of the deli section with a deal for U.S. processor Lightlife Foods. Toronto-based Maple Leaf announced Tuesday it would pay US$140 million for Lightlife, which makes vegetarian burgers, hot dogs, sausage, deli cuts, jerky and other meatless protein products at Turners Falls, […] Read more

Livestock, Poultry/Eggs

Maple Leaf to shut southern Ontario turkey plant

By Grainews Staff, GFM Network News November 18, 2016

Maple Leaf Foods plans to outsource all its fresh turkey processing to another company’s southern Ontario plant in 2018 after shutting its own operation. The company announced Tuesday it will close its plant at Thamesford, Ont., east of London, after phasing its production over the next 18 months into Sofina Foods’ plant at Mitchell, about […] Read more

Hogs, Livestock, Reuters

Canada’s Maple Leaf Foods profit beats estimates

By Reuters, GFM Network News July 29, 2016

Canadian meat processor Maple Leaf Foods reported a quarterly profit that squeezed past estimates as lower operating costs and increased pricing more than offset a fall in volumes in its meat products business. The company, whose brands include Schneiders and namesake Maple Leaf, recently completed a program started in 2010 to boost earnings by shutting […] Read more

GFM Network News

U.S. livestock: CME cattle tick lower in thin pre-holiday trade

U.S. grains: Wheat extends gains on short covering, war risk

Prairie forecast: Plenty more chances for snow over Holidays

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