Olymel's poultry and pork processing facility at Saint-Jean-sur-Richelieu, Quebec, will be shuttered this summer, the company announced earlier this month.
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Tag Archives meat packing
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
Optimism growing for Ryding-Regency meat plant
BFO hopes to hear about relicensing ‘sooner rather than later’
Will the province’s beef producers soon gain access to much-needed processing capacity at Toronto’s Ryding-Regency Meat Packers? While some uncertainty remains, industry representatives are optimistic. Why it matters: Inadequate processing capacity has been cited as a major barrier to beef industry longevity in Ontario. Ryding-Regency Meat Packers closed late in 2019 after the Canadian Food […] 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
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