Olymel's poultry and pork processing facility at Saint-Jean-sur-Richelieu, Quebec, will be shuttered this summer, the company announced earlier this month.
Olymel to close Saint-Jean-sur-Richelieu poultry, pork plant
Meat packer announced improving financial outlook this year after losses, consolidation
Food and beverage sales to fall in 2024; processor margins to improve
Stabilizing or declining input prices working their way through the supply chain, FCC says
Farm Credit Canada is predicting Canadian food and beverage sales will fall slightly this year as consumers manage tight budgets. Gross margins, however, should increase as the effects of falling commodity prices work their way through the supply chain, the farm lender said in an April 9 news release.
Beef cattle sector weighs in for federal food processing study
Cattlemen's Association makes recommendations to Commons' ag committee
The House of Commons’ standing committee on agriculture will soon be wrapping up its study into Canada’s processing capacity. Since November, MPs have heard from more than 50 witnesses on the matter — including representatives from the Canadian Cattlemen’s Association, whose president Bob Lowe and executive vice-president Dennis Laycraft testified at a committee meeting Tuesday. […] Read more
Canada sees no beef shortage, but prices may rise due to coronavirus
JBS plant at Brooks dials back to one shift
Ottawa/Winnipeg | Reuters –– The Canadian government is not expecting a beef shortage despite the spread of the COVID-19 coronavirus in certain meat-packing plants, though prices may rise, Prime Minister Justin Trudeau said on Tuesday. Trudeau added that beef producers are placing a priority on supplying the Canadian market before exporting products. Canada, one of […] Read more
Olymel, Sollio to take up F. Menard pork, feed businesses
The meat packing and ag input retail arms of Quebec’s La Coop federee are about to take a much longer reach in their home province. The agrifood co-operative announced Tuesday its Olymel and Sollio Agriculture businesses have an agreement in place to buy the hog breeding, pork slaughter and packing, grain sourcing and feed milling […] Read more
Foreign worker break for seafood sector a ‘one-time’ deal
Winnipeg | Reuters –– Canada’s move to loosen restrictions on hiring foreign workers for East Coast seafood plants was a one-time decision, and the government is not convinced other sectors need similar measures, the country’s employment minister said Thursday. The Liberal government eased restrictions under its foreign worker program recently for Atlantic seafood processors, allowing […] Read more
Brazil’s JBS concludes acquisition of Cargill pork unit
Sao Paulo / Reuters – Brazilian meatpacker JBS SA said on Friday it had concluded its $1.45 billion acquisition of Cargill Inc’s U.S. pork assets without any restrictions from regulators, a deal that makes it one of the largest meat companies in the United States. UPDATE: Cargill Illinois hog processing plant offline until Monday Chicago / […] Read more
Brazil’s JBS considering slew of acquisitions
Sao Paulo | Reuters –– JBS SA, the world’s largest meat packer, is ready to take on a slew of acquisitions next year, chairman Joesley Batista said Tuesday. The Brazilian company controls assets in the U.S., Canada, Australia and other countries. Batista, speaking on the sidelines of a telecommunications industry event in São Paulo, declined […] Read more
Meat packers desperate for workers despite jump in jobless rate
Farm Vote: There are 1,000 job vacancies at slaughter plants, but Canadians shun them
Reading Time: 2 minutes Despite job losses in other sectors, Canada’s pork industry is still struggling to build a sustainable workforce. “For us in Western Canada, it really comes down to availability of labour,” said Darcy Fitzgerald, executive director at Alberta Pork. “We need to have workers available for us, and often, they’re not Canadian, only because we don’t […] Read more
Harmony Beef slaughter plant opening pushed back
Rich Vesta says plans to open last summer were ‘totally unrealistic’ but the venture continues to move forward
Reading Time: 2 minutes It was supposed to open last summer, but the owner of Harmony Beef says it will be a while yet before his plant starts slaughtering cattle. “Quite honestly, when we started, we were overaggressive in our time frame,” said Rich Vesta, an American businessman and former top executive in the U.S. meat-packing industry. Vesta completed […] Read more
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