Canada’s Maple Leaf Foods profit beats estimates

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

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Feds and province fund Maple Leaf bacon plant

The governments of Canada and Manitoba have announced funding of $500,000 toward an expansion of Maple Leaf Food’s bacon processing plant in Winnipeg. The announcement was made Monday at the plant by federal Agriculture Minister Lawrence MacAulay and Manitoba Agriculture Minister Ralph Eichler. A release said Maple Leaf Food’s investment in the bacon line expansion […] Read more

(Dave Bedard photo)

Maple Leaf dishes up first-quarter profit

Reuters — Canadian meat processor Maple Leaf Foods reported a better-than-expected quarterly profit, helped by higher earnings in its prepared meats business. Adjusted operating earnings in the meat products segment rose nearly eight-fold to $61.3 million in the Toronto company’s first quarter, helped by lower operating costs and price increases. The company, whose brands include […] Read more

(Dave Bedard photo)

Maple Leaf profit beats as margins improve

Reuters — Canadian pork processor Maple Leaf Foods posted a better-than-expected fourth-quarter profit as margins in its prepared meats business improved. Adjusted operating profit in the meat products group, which includes brands such as Schneiders and the company’s namesake Maple Leaf brand, was $54.6 million, compared with a year-ago loss of $19.1 million. The Mississauga-based […] Read more

(Regis Lefebure photo courtesy ARS/USDA)

Coop Federee to offer Olymel stake

Reuters — Quebec-based La Coop Federee, one of Canada’s biggest farmer co-operatives, is offering for sale up to 49 per cent of pork processor Olymel, to help fund expansion in Western Canada, CEO Gaetan Desroches said in an interview. La Co-op would retain control of Olymel, which along with Maple Leaf Foods is one of […] Read more


Motherland Monument, Kiev. (CIA.gov)

Packers approved to move beef, pork to Ukraine

Inspectors have approved 15 Canadian beef and pork processing plants to export to Ukraine, more than doubling the number of Canadian meat plants able to ship to the country. Federal Agriculture Minister Lawrence MacAulay and Trade Minister Chrystia Freeland on Monday announced Ukraine has, essentially, approved beef and pork exports from any Canadian federally-registered establishment […] Read more




Maple Leaf  swings to profit but shares slide

Maple Leaf swings to profit but shares slide

Maple Leaf Foods swung to a rare profit in the third quarter as the company nears the end of its restructuring plan. The profit is only Maple Leaf’s second in the past 11 quarters, but was slightly smaller than expected. Shares fell nearly seven per cent in Toronto trading to $20.95, as the company delayed […] Read more