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Egg Farmers of Ontario launch electronic quota system

Egg Farmers of Ontario launch electronic quota system

By Amanda Brodhagen, Farms.com

Egg Farmers of Ontario (EFO) is rolling out a new e-system that will modernize the way quota transferring is conducted in the province.

Ontario’s 440 egg and pullet quota holders were informed of its plan on June 6. The quota transfer system will be fully functional by early 2014, which will allow for a swifter way to transfer quota rather than through private sale. The EFO has put in place a hold on quota transfers until the new system is fully implemented.

The EFO said it made the decision to transfer over to a new system after comparing options, including systems in other provinces such as British Columbia, Manitoba and Quebec. "Farmers said the lack of opportunity and lack of information about private quota sales means they find it is becoming more difficult to purchase quota without having to go through egg and pullet industry service representatives,” said EFO Chair Scott Graham.

The electronic quota system aim is to enhance business deals, creating more accessibility for buyers and sellers.  EFO says it will work with farmers in the coming months to assist with the transfer over to the new system.
 


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Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?

Video: Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?


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A V-shaped bottom in cattle suggest the lows are in after Mexico reported another new world screwworm case. Lower weights, seasonal demand and higher U.S. beef select/choice values with a continued closure of the Mexican border to cattle will result in a resumption of higher cattle futures into yearend.
Australia is expected to produce its 3rd largest wheat crop ever at 36 mmt adding to the global glut of supplies.
Reports of ASF in hogs in Spain the largest pork exporter in Europe could see the U.S. win more pork export business long-term.
If the rains verify into next week of 3-5 inches for Brazil it would go a long way to fixing the dry regions from the last 2-months, but the European weather model has been wrong for the past 2-months!
Natural gas futures are surging to the 3rd price count as frigid hold temps set in.
CDN $ is also surging to end the week on a very resilient economy and better employment numbers suggesting no interest rate cuts next week.
Finally, the CFTC report showed funds were net buyers of soybeans but sellers of corn, canola and wheat. In real time the funds have gone back to selling as they take some profits.