Country 105

Country 105


Agriculture Report

Maple Leaf Foods Pork Processing

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Toronto based food company sells pork business.


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Maple Leaf Foods has decided to sell its Ontario pork processing business for 20 million dollars.

The Toronto based food processing company reports Sun Capital Partners has purchased the operations in a deal that is expected to close in a few days.

Maple Leaf had announced in May that it was putting the pork processing business up for sale again after failing to unload it in 2008.

The Burlington based pork operation is one of the largest pork processing facilities in Canada.

The plant currently employs one thousand people and processes about 1.6 million hogs a year.

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If you missed the news yesterday -- former Agriculture Minister Steve Peters is ready to leave politics. 

Peters says he won't be running in Elgin Middlesex London in the next Ontario election.

The 47 year old Speaker of the House says he wants to try something new after 22 years in politics.

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Canadian grain handling giant Viterra has opened a new office in Hamburg, Germany to strengthen its market network in Europe.

The office will focus on the companies core commodities including wheat, barley and canola.

Viterra says it wants to originate grains and oilseeds from France and Germany, and increase imports and exports to and from Europe.

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There are a number of steps that horse owners can take to reduce stress when weaning foals.

Doctor Darrell Dalton -- an Alberta Veterinarian -- says one of the traditional thoughts is that foals should be weaned by about three to four months of age.

He also says horse owners should talk to their vets to find out what vaccinations are recommended.

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Grains, beans and cotton were mixed after the U-S Agriculture Department issued new production forecasts.

Soybean prices jumped after the U-S government predicted yesterday that the harvest would be a record 3.38 billion bushels -- which was slightly higher than a year ago -- but one per cent lower than last month's forecast.

January soybeans settled at 13 dollars and 29 cents a bushel.

The government predicted corn production would total 12 and a half billion bushels, which was a decrease of 4 per cent from a year ago.

Corn prices have been surging this fall because of concerns over whether tight supplies will meet robust global demands.

Corn for December delivery gave up nine cents to settle at five dollars and nine cents a bushel.

December wheat fell 14.5 cents to settle at seven dollars and 21 cents a bushel.

 


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