Maple Leaf Foods has announced it will buy the Puratone Corporation, the cash-strapped Manitoba hog production company, for approximately $42 million. The purchase includes Puratone's livestock, facilities and interests in some joint ventures. The transaction is expected to close within a month, subject to court and regulatory approvals, according to a news release. . "This... Read More
Category: Food
The markets are volatile and could be described liked standing inside a hurricane at times. Only this time the hurricane was real. With Hurricane Sandy ripping through the east coast, the impacts on beef demand must be questioned. With the XL Foods hangover working its way out, feed yards and ranchers are trying to get... Read More
We may live in the information age, but it seems it's easier to spread misinformation than it is to share facts. Never does this seem so apparent than when we ask urbanites about where they think food comes from and what's in it. Farmers Feed Cities recently released findings from a survey it had done... Read More
We are in a battle. It may not seem all that bad right now as our combines roll and livestock gets sold. Sure, we hear talk about hormones and GMOs and animal treatment and all of that other stuff. But people keep lining up at the grocery store and buying food. After all, they need... Read More
Quebec-based Olymel has officially made a bid for Big Sky Farms, the Saskatchewan-based hog producer that recently entered receivership. Olymel has made a bid of $65 million to purchase the company. If successful, it's likely operations would not change significantly, as Olymel processed much of Big Sky's production. While this is the only current bid,... Read More
If you had to, how would you rank the importance of food safety, the environment, animal welfare, the cost of food and health, as it relates to agricultural sustainability? Which is most important? Which matters less, relatively speaking? These are tough questions, certainly, but ones the agriculture industry needs to ask to better understand and... Read More
Each year my agricultural communications students prepare university-level speeches to compete with others from across the country in the Canadian Young Speakers for Agriculture contest, held annually in early November at the Royal in Toronto. Sometimes they win, and sometimes they don’t, but at the very least they get an all-too-rare platform to stand up... Read More
Never say never will be the theme of this story. In a deal announced today, JBS (a Brazilian Packer) will take over the operation of the plant with the option to purchase the plant, the feedyard and the farm. A source informed us that XL Foods employees were told at 5 PM. According to the... Read More
The 2012 fall feeder run seems to be moving at a very slow pace. Last weeks Canfax Cattle on Feed report would definitely confirm that. All things considered, the slow feeder run may be a blessing in disguise as many of the cattle liners are busy shipping cattle south due to the XL Foods closure... Read More
With less cattle slaughter capacity in Canada, many ranchers and feedyards are concerned about the possibility for the feeder cattle and live basis to significantly widen. A basis that gets too wide makes the current Canadian model unworkable. Currently the live cattle basis sites at 16-18 which is the same as last year at this... Read More