Farms.com Home   News

Pork Producers Hoping Things Turn Around In 2021

2020 was a tough year for Canadian pork producers.
 
Tyler Fulton is Director of Risk Management with Hams Marketing Services.
 
"Producers here in Canada went through probably their worst four months of profitability that we've probably seen in 20 year. It's taken a lot of equity out of the market in a short period of time and it's going to take a while to rebuild that. The industry is resilient and I think those that are still in the business are definitely dedicated to it."
 
Fulton says COVID-19 had a very significant impact on the meat industry as a whole, adding Canadian pork packers did really well to manage the impact in their labour force but that didn't avoid the major losses that accrued to the producers.
Click here to see more...

Trending Video

$5 Corn, $12 Soybeans, $7 Wheat & $750 Canola! Is the Top In/Party Over?

Video: $5 Corn, $12 Soybeans, $7 Wheat & $750 Canola! Is the Top In/Party Over?


$5 corn, $12 soybeans, $7 wheat & $750 canola! Is the top in and the party over with lower crude oil and an end to the Iran war?
The 2026 USDA May report could see ending stocks fall further due to red-hot U.S. corn exports, lower HRW production and lower Brazil corn production?
OK HRW wheat tour sees crop down 50% + Kansas Quality Council Wheat tour next week.
Headline news that U.S. could import Brazilian beef weighed on cattle futures.
Headline news of pseudorabies disease found in hogs in Iowa and #1 buyer Mexico may restrict exports weighed on hog futures.
Stocks are on fire.
5 senators are in China planning ahead of the Trump/Xi meeting on May 14/15. CFTC.