Sollio Cooperative Group, parent company of meat processor Olymel, says it’s back in the black after a period of losses led to closures and cut-backs.
Olymel parent company posts profit after plant closures
The company closed plants in Ontario, Quebec, and slowed production in the west in 2023
Maple Leaf combines plant, meat protein divisions
Meat sales struggle in fourth quarter, plant sales drop
Maple Leaf will merge its plant and meat protein divisions and plans to expand in the U.S. market, the company said in February.
No silver bullet for food price inflation
The causes might not be what you think they are, one food academic says
Reading Time: 4 minutes Glacier FarmMedia – Canadian food price inflation has many causes, but grocers gouging customers isn’t one of them, Michael von Massow of the University of Guelph said during the December Fields on Wheels conference hosted by the University of Manitoba. Even the carbon tax hasn’t had much impact, according to the associate professor of food […] Read more
MacAulay opens Indo-Pacific ag office
Moment 'pivotal' for the hog sector, Canadian Pork Council says
The Canadian Pork Council joined federal ag minister Lawrence MacAulay in Manila, Philippines, to open Canada's first Indo-Pacific agriculture office, it said today, calling the opening a "pivotal moment" for the Canadian pork sector.
National hog research firm gets $10.6 million in federal funds
Research to include new vaccines, antimicrobial alternatives, feed strategies, and genetics
The federal government has pledged up to $10.6 million for hog sector research, it said in an announcement today.
US agriculture secretary sees ‘chaos’ in meat market without congressional action on Prop 12
Canadian sector worried state-specific regulations will cause severe complications for producers selling into U.S.
There will be chaos in the U.S. meat marketplace without congressional action on California's Prop 12 law that tightened animal welfare requirements for pork products sold in the state, Agriculture Secretary Tom Vilsack said during a congressional hearing on Wednesday.
Pork Council joins call for delay of U.K. ascension to trade deal
Britain has shown it's not interested in free, fair trade of agricultural products, group says
The Canadian Pork Council (CPC) says it's joining a meat industry coalition that's calling for a re-think of the United Kingdom's joining of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
FCC projects profit loss in 2024
Hits expected on grain price, but economist ‘cautiously optimistic’ on interest rates and input costs
Reading Time: 7 minutes A prominent Canadian ag lender is projecting a 4.8 per cent decline in farm cash receipts in 2024, due in part to a softening market. Consequently, its leading economist is urging producers to find any way to save money. “In this environment, I do think that management skills are absolutely critical,” said J.P. Gervais, vice-president […] Read more
China to encourage hog farmers to reduce capacity after price slump
Aggressive expansion in Chinese hog sector turns to mounting losses on demand downturn
China will "guide" farmers to reduce hog production capacity as it steps up regulation of the industry, the agriculture ministry said on Tuesday, after an aggressive expansion drive led to an oversupply of pigs and heavy losses.
California law worries provincial pork industry
Locals will have to follow Prop 12, weakening CUSMA agreement, says industry leader
Reading Time: 4 minutes A leader in Alberta’s pork industry is concerned about the precedent California’s Proposition 12 may set in agricultural trade between Canada and the U.S. Prop 12, which became law Jan. 1, stipulates that sows supplying the state’s consumers must be grouped in housing that provides a minimum of 24 square feet per sow. For Darcy […] Read more
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