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.
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
Canadian Meat Council decries TFW changes
Industry group says ending special measures for sector is 'premature'
Incoming changes to the Temporary Foreign Worker Program will add to the sector's already significant labour challenges, the Canadian Meat Council says.
Olymel parent company posts profit after plant closures
The company closed plants in Ontario, Quebec, and slowed production in the west in 2023
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.
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.
U.K. firm to process meats in Canada for Walmart
Plant would be Hilton Foods' first in North America
A British-based firm processing proteins for the retail and foodservice sectors plans to set up shop somewhere in Eastern Canada, after reaching a deal to supply meat products to Walmart’s Canadian grocery business. Hilton Food Group announced Thursday it plans to open a new manufacturing plant in that region to supply Walmart Supercentres in Canada […] Read more
U.S. COOL proposal unlikely to affect Canadian beef
Reading Time: 2 minutes Proposed American legislation could see distributors fined for meat that is improperly labelled as “Made in the USA,” but industry experts north of the border say it is unlikely to pass muster. The bill would set out processor fines of $5,000 per pound of beef that doesn’t meet label standards. COOL, or country-of-origin labelling, surged […] Read more
Bison industry expanding, becoming mainstream
Bison meat emerging from 'seasonal' perception
MarketsFarm — The Canadian bison industry has been through some difficult times during the last few years but is now emerging from those doldrums, according to Manitoba Bison Association president Robert Johnson. “Between the two drought years and the COVID-19 pandemic, then high feed prices, probably the last two years have been pretty crappy for […] Read more
Quebec company aims to boost Alberta’s lamb sector
Meat processing giant says it wants to grow the sector and ensure everyone benefits
Reading Time: 4 minutes The new Quebec owners of the province’s major lamb processing plant are vowing to revitalize the sheep sector in Alberta. “The pie is going to get bigger — and we want everyone to benefit from it,” said Stéphane Beausoleil, an executive of Préval Ag who is now running the former SunGold lamb processing plant in […] Read more
Alberta lamb business sale finalized
Reading Time: < 1 minute Quebec company Préval Ag has completed its purchase of the Alberta lamb processing plant and large feedlot of the defunct North American Lamb Company. “For us, sourcing locally is essential, and we will therefore be working closely with local producers to expand the marketing of our lamb products in the Canadian market,” Alex Fontaine, president […] Read more
Olymel to shut two pork processing plants
Triomphe ham, deli meat plants to close in late April
Meat packer Olymel is set to close a chapter in its acquisition history when it shuts down two Montreal-area pork further-processing plants it bought five years ago. Olymel, a division of ag co-operative Sollio, announced Wednesday it will close the former Aliments Triomphe plant at Blainville and its sister plant about 18 km southeast at […] Read more
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