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Dairy Cattle

Dairy Cattle, Livestock, Reuters

Saputo posts bigger profit, hikes dividend

Reuters –– Saputo Inc., Canada’s largest dairy producer, reported higher quarterly earnings on Tuesday, lifted by recent acquisitions. The Montreal-based company also increased its quarterly dividend by 13 per cent to 26 cents from 23 and announced a two-for-one stock split. For Saputo’s first quarter through June 30, net income rose to $145.3 million, or […] Read more
Imports of “pizza kits” for use by Toronto-based Pizza Pizza were cut off last fall by a federal ways-and-means motion adjusting Canada’s tariff schedule on food imports. (Dave Bedard photo)
Dairy Cattle, Livestock, Markets

U.S. officials call foul over Canada’s ‘pizza kit’ clampdown

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Ottawa’s move to plug a regulatory hole that eased pizzerias’ access to U.S. mozza seems to have halted traffic in “pizza kits” — but U.S. officials see that move as potentially trade-unfriendly. Officials also estimate the move will effectively shut Canada’s ports to thousands of tons of U.S. pizza toppings valued at up to US$30 million […] Read more
Northumberland Dairy’s recent TV spots have touted the local roots of the co-operative’s products. (Northumberlanddairy.ca)
Dairy Cattle, Livestock

Agropur to take over N.B.’s Northumberland dairy co-op

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The dairy arm of New Brunswick’s Northumberland Dairy Co-operative is poised to become part of dairy co-op giant Agropur. Agropur on Monday announced it has an agreement in place with Northumberland to take over the Miramichi, N.B.-based co-operative’s dairy processing and food distribution business, leaving Northumberland with its hardware and building supply operations. Financial terms […] Read more
Sobeys’ Lucerne milk plant in Winnipeg is set to become an Agropur plant as part of a $356 million deal between the retailer and dairy processing co-op. (Dave Bedard photo)
Dairy Cattle, Livestock, Markets

Agropur to buy Safeway dairy plants in West

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Dairy co-operative giant Agropur is set to build its milk muscle in Western Canada with a $356 million play for Sobeys’ former Canada Safeway milk processing plants. Quebec-based Agropur and Nova Scotia-based Sobeys on Tuesday announced a “strategic partnership” agreement in which Agropur will buy the four plants, supply Canada’s Sobeys, IGA and Safeway retail […] Read more
Dairy Cattle, Livestock, Markets

Dairytown’s farmers approve merger into Agropur

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New Brunswick butter co-operative Dairytown Products is expected to become part of major Quebec dairy co-op Agropur by month’s end, now that Dairytown’s farmers have approved the deal. The two co-ops announced Wednesday that Dairytown’s “beneficiaries,” the province’s 206 active dairy producers, voted 99 per cent in favour of the merger Tuesday. Member turnout topped […] Read more
Dairy Cattle, Livestock, Markets

Que. ag minister, ag critics hold seats in PQ loss

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The Parti Quebecois’ agriculture minister and his critics in Quebec’s assembly have held their seats in the wake of an election that’s upended the province’s government. Francois Gendron, who’d served as Premier Pauline Marois’ deputy premier and the province’s agriculture, food and fisheries minister since September 2012, held his Abitibi-Ouest riding in Monday night’s election […] Read more
Dairy Cattle, Livestock

N.B. farmer-owned Dairytown to merge into Agropur

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A New Brunswick butter and powdered milk processor owned by the province’s dairy producers is set to become Agropur’s latest dairy processing play in Atlantic Canada. Agropur, the major Quebec dairy co-operative whose products include the Natrel, Quebon, Allegro, Olympic and Island Farms brands, announced an agreement in principle Thursday for a merger with Sussex, […] Read more

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