Canadian pork processor forced into bankruptcy
One of the largest companies in the pork industry in Canada, Big Sky Farms, was forced into bankruptcy by creditors earlier this week, reported The Wall Street Journal, on Wednesday. The company is one of the latest victims of soaring feed prices caused by the drought in the United States.
Big Sky slaughtered nearly a million pigs a year, accounting for about 40% of production in the province of Saskatchewan, Canada. It is the second-largest company in the Canadian sector, and also has operations in the United States.
Information provided by The Wall Street Journal and Dow Jones