Maple Leaf Foods is splitting into two independent public entities by spinning off its pork business, it said today.
Maple Leaf Foods will retain a 19.9 per cent ownership position in the newly formed pork company, the name of which will be announced in the coming months, the company said.
Tag Archives pork processing
Maple Leaf Foods plans to split into two independent public companies
Global demand for pork remains strong, buoying industry optimism
Processing capacity in Ontario must still be addressed, farmers heard
Ontario Pork’s outgoing chair delivered a sombre but optimistic assessment of the industry’s future during the organization’s annual general meeting in Guelph March 21. John de Bruyn said lingering value chain issues from COVID-19, high inflation and feed costs and market volatility squeezed margins, making it difficult to turn a profit, but the future holds […] Read more
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.
Smithfield Foods ends contracts with 26 US pig farms, citing oversupply
American pork producers have been losing money as pig prices, consumer demand bump against high costs
Smithfield Foods said it will end contracts with 26 hog farms in the U.S. state of Utah, in the latest contraction by the world's largest pork processor in the face of an industry oversupply.
HyLife buys pork packing, hog production capacity
Firm buys stake in U.S. packer, Manitoba hog farming business
Canadian hog production and pork processing firm HyLife has moved to expand its reach in North American pork packing as well as Manitoba hog farming. La Broquerie, Man.-based HyLife announced last week it has bought a 75 per cent stake in Taylor Corp.’s Prime Pork, a packing and processing operation at Windom, Minnesota, about 200 […] Read more
Canada’s pork sector up to speed, aware of challenges
Processing plants enhancing biosecurity; producers being urged to watch their stress levels
They’re adding protective plexiglass shields, bringing in trailers to separate groups of workers, and boosting communication on biosecurity. It’s all part of an ongoing effort to ensure pork processing plants aren’t disrupted by COVID-19. “I’m very impressed by our packers, and for the workers for coming to work every day and being there and realizing […] Read more
HyLife co-founder Paul Vielfaure, 59
Funeral arrangements are pending for one of the founding brothers behind Prairie hog production and pork processing firm HyLife. Paul Vielfaure died suddenly Nov. 23 at age 59, his family reported in a brief obituary in Winnipeg and Steinbach newspapers this week. Radio-Canada reported Tuesday that Vielfaure had died in Phoenix, Arizona. While Vielfaure was […] Read more
Ontario hog farmers to get new options with Michigan plant
A combination of hog prices remaining high despite good supplies and a new processing plant in nearby Michigan have Ontario hog farmers optimistic about the near future. “It’s unambiguously good news to have more processing capacity close to Ontario,” said Patrick O’Neil, Ontario Pork’s marketing division manager, at the Ontario Pork Congress. The Clemens Food […] Read more
Olymel to consolidate ham work next fall
The meat packing arm of Quebec’s La Coop federee plans to shut down major ham lines at one of its further-processing plants in the province next year, cutting up to 340 jobs. Olymel said Friday it will halt ham deboning at its St-Hyacinthe plant in September 2017, eliminating 340 positions. Ham deboning work, until now […] Read more
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