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What Is Happening or Will Happen to Packing Capacity?

2014-04-14 22:41:00| National Hog Farmer

By Steve Meyer, Paragon Economics, Inc., Adel, IA Last weeks news that Quality Meat Packers and an affiliate enterprise, Toronto Abattoirs, filed Notices of Intention to submit proposals for re-organization under Canadas Bankruptcy and Insolvency Act sent shockwaves through Canadas and especially Ontarios pork industry. I clearly do not know much about Canadian bankruptcy law (or, thankfully, U.S. bankruptcy law for that matter!) but it appears this is the first step in the company entering bankruptcy protection from its creditors. read more

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