Last fall’s ransomware attack at pork and poultry packer Maple Leaf Foods led to an “adverse economic impact” of $23 million or more on the company’s bottom line as it worked to restore systems, officials said. The company on Thursday released that estimate as part of its fourth-quarter financial report, in which it booked a […] Read more
Tag Archives Pork — page 12
Cyberattack a $23 million hit on Maple Leaf ledger
Company refused to pay ransom
Meat lobby says U.S. voluntary label rule could spur trade action
Ottawa to review Washington's proposed 'Product of USA' rule
U.S. meat industry lobbyists say Washington’s proposed new rules governing voluntary ‘Product of USA’ or ‘Made in the USA’ labels would “impose the same standard” as that country’s now-defunct mandatory country-of-origin labelling (COOL) law — and frustrate U.S. packers who import Canadian meat or livestock. The U.S. Department of Agriculture and its Food Safety and […] Read more
Danish genetics supplier targets improved feed conversion
DanBred launches Canadian division through AGC takeover
A tweet from the first Canadian pork producer to have pigs born using Danish genetics led to the collaboration now known as DanBred Canada. At DanBred Canada’s official launch Dec. 21 in Stratford, Gilt-Edged barn manager Charlie Illick said in 2017, the Orangeville-area farm was planning a new sow building and took a trip to […] Read more
Improved flavour called key to pork’s revival
U.S. pork consumption declined to 51.7 pounds per capita in 2020 from 59.1 lb. in 1960; Canada expected to be similar
Glacier FarmMedia – Pig producers need to improve the taste of the pork they raise if they want to combat long-term declines in consumption and market share, said an expert. “If we’re going to drive demand, we’ve got to deliver a better eating experience to our customers,” said Jim Long, president and chief executive officer […] Read more
South Western Ontario Pork Conference returns in-person next month
Campus research tour, trade show offered in addition to speakers
Ridgetown will host the 59th annual South Western Ontario Pork Conference in-person on Feb. 22. “This is an exceptional opportunity to share the latest industry and research news with Ontario producers while providing time for networking with industry representatives,” said Darren Sloan, planning committee chair. The event begins at 12:30 p.m. with a tour of […] Read more
China’s 2022 pork output highest in eight years
Average hog weights remain relatively high
Reuters — China’s pork output increased 4.6 per cent in 2022 from 2021 to reach its highest level since 2014, official data showed on Tuesday, confounding some expectations for a smaller rise. Pork output in the world’s top producer of the meat reached 55.41 million tonnes, the highest since 56.71 million tonnes recorded eight years […] Read more
Ontario Pork Congress returns in-person this June
Congress will celebrate its 50th anniversary
The Ontario Pork Congress (OPC) will be returning to the Rotary Complex in Stratford to celebrate its 50th anniversary June 21-22, 2023. It will be the first in-person Congress since 2019. A 2020 virtual option was held, but show organizers said that “didn’t go well” at the OPC’s annual meeting last month at the Mitchell […] Read more
U.S. livestock: CME live cattle firm on cash resiliency
Lean hogs down on supply outlook
Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange climbed on Friday, supported by resilient cash cattle prices across the U.S. Plains this week, traders said. “We had cash come right back,” said Joe Kooima, commodity broker at Kooima Kooima Varilek Trading Inc. “Cash was a dollar better in the south.” Cash […] Read more
U.S. livestock: Cattle futures firm despite softer cash cattle
Hog futures down as exports disappoint
Chicago | Reuters — Feeder cattle futures on the Chicago Mercantile Exchange climbed on Thursday, supported by sluggish corn futures, while live cattle gains were muted as meatpackers offered lower cash cattle prices this week, traders said. “They’ve backed off a bit in the cash market,” said Doug Houghton, technical analyst at Brock Capital Management. […] Read more
U.S. livestock: CME feeder cattle firm as corn inputs slide
Live cattle climb higher in deferred months; February hogs also up
Chicago | Reuters — Feeder cattle futures on the Chicago Mercantile Exchange firmed for the fifth consecutive session, as corn, a significant input for producers, continues to fall, traders said. “The feeders have sort of been hobbled for a long time because of the elevated feed price,” said Dennis Smith, livestock analyst and broker at […] Read more
Cyber-Savvy Farmer
