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The pork industry expects to struggle with a supply-demand imbalance through much of 2024.
News

Proposition 12 ‘insulting,’ but economic effects muted

Regulations requiring more space for pregnant sows won’t be as damaging as feared, says California economist

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Newly imposed animal welfare regulations in California will have little economic impact on the North American hog sector, an agricultural economist with the University of California Davis predicts. “California consumers like me are going to pay, I don’t know, five or 10 per cent more for pork that’s covered by the policy, which means a
A flooded canola field in Manitoba's Interlake.
Grain Markets, Markets

Will canola find its resolve?

Expert's Radar: It seemed like grain prices were on a diet for much of 2023

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Losing weight and exercising more are common New Year’s resolutions, with many people looking to improve their fitness after the excesses of the holidays. It’s rare for those grand ideas to hold up though, as treadmills gather dust and gym memberships go unused. The agricultural futures markets had their ups and downs in 2023, with
University of Manitoba law professor says fatigue management should never have been on the rail dispute bargaining table; it's a matter for government to handle.
Grain Markets, Markets

Grain prices still hang on exports

Expert's Radar: Our wheat export pace is up despite smaller production

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Canada is a country whose main exports are hockey players and cold fronts,” according to a quote attributed to former Prime Minister Pierre Elliot Trudeau who jokingly added “our main imports are baseball players and acid rain.” Looking at the current Winnipeg Jets lineup at least, it’s safe to say the trade balance on hockey
U.S. beef exporters such as Tyson, Cargill and JBS face a “double whammy” from higher prices and strength in the U.S. dollar.
Markets, News

U.S. reduces beef exports as cattle herd shrinks

Major American meat companies caught in the squeeze

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Reuters – The United States is importing record amounts of beef this year and exporting less after ranchers slashed the nation’s cattle herd to its lowest level in decades. That has tightened margins for meat companies like Tyson Foods. Why it matters: The U.S. and Canada have the same drought-related stresses that pressure national herd
Green soybean plants
Grain Markets, Markets

Grain traders turn gaze southward

Expert's Radar: Rains have been helpful for Argentina and Australia

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Most of the Canadian Prairies were blanketed with snow during the last week of October, which likely had many people dreaming of vacations to warmer climates to the south. With the Canadian harvest all but wrapped up, and the United States in its final stages, the grain markets are also shifting their attention southward. Argentina
U.S. consumer demand for pork is waning and Canadian producers should respond to reduced slaughter numbers, suggests the USDA’s Foreign Agricultural Service.
Hogs, News

USDA projects Canadian swine reduction

Manitoba industry expects capacity to grow despite USDA numbers

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The U.S. agriculture department expects fewer Canadian pigs to be produced next year. It projects that the Canadian swine herd will contract in 2024, due in part to decreased domestic processing capacity and reduced U.S. demand, according to a Sept. 24 release from the USDA’s Foreign Agricultural Service office in Ottawa. FAS estimated total supply of just under 42 million head in
The maritime industry accounts for nearly three per cent of global carbon dioxide emissions.
News

The rebirth of sail-based shipping?

Cargill charters ship to test modern wind power at sea

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Reuters – A dry bulk ship chartered by Cargill has launched on its first voyage to study how harnessing wind power can cut greenhouse gas emissions and energy use in the shipping sector, the U.S. commodities group said Aug. 21.  The maritime industry, which accounts for nearly three per cent of global carbon dioxide emissions
“We’ve always been dealing with a certain group down there that want to push mandatory country of origin labelling.” – Dennis Laycraft, Canadian Cattle Association.
Livestock, News

U.S. COOL proposal unlikely to affect Canadian beef

Tabled legislation would see processors fined per pound of improperly marked meat

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Proposed American legislation could see distributors fined for meat that is improperly labelled as “Made in the USA,” but industry experts north of the border say it is unlikely to pass muster. The bill would set out processor fines of $5,000 per pound of beef that doesn’t meet label standards. Why it matters: A proposed

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