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U.S. packer profit margins jumped 300 per cent during pandemic, economists say

Increased costs don't explain higher profits, White House advisors say

Washington | Reuters — Four of the biggest meat-processing companies, using their market power in the highly consolidated U.S. market to drive up meat prices and underpay farmers, have tripled their own net profit margins since the pandemic started, White House economics advisers said. Financial statements of the meat-processing companies — which control 55 to […] Read more

Great Canadian is one of the sausages created at Finest Sausage & Meat in Kitchener.

Independent meat processors show increase in sales during COVID-19

Restaurant and market sales are down for independent meat processors, but overall sales have increased

Ontario Meat and Poultry, representing Ontario’s independent meat processors, says that business has increased during COVID-19. The pandemic has driven up demand for independent meat processors across the province as consumers are purchasing more products and looking for options outside of grocery stores. Why it matters: Independent meat processors have seen increasing demand, but virus […] Read more

Editorial: New chicken plant a needed investment

The contrast between the announcement of the closure of the General Motors auto plant in Oshawa, and the launch of the new Maple Leaf Food poultry processing plant couldn’t be more stark. It’s a difference between a sector being disrupted and in decline, and one that continues to grow and draw investment. Mark Brock, past […] Read more

(Photo courtesy Canada Beef Inc.)

Canada dilutes plan to limit temporary foreign workers

Ottawa | Reuters — Canada’s Liberal government on Thursday watered down measures to limit the number of low-wage temporary foreign workers firms can hire after complaints the restrictions would cause major labour shortages. Under rules introduced by the previous Conservative administration, the number of low-skilled foreign workers a firm could employ would have dropped to […] Read more