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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.
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USDA Too High On 2026 Crop Yields + 26 U.S. Harvest From Hell!

Video: USDA Too High On 2026 Crop Yields + 26 U.S. Harvest From Hell!


USDA surprised with higher 2026 U.S. corn yields but it’s early with just over 20% of the U.S. harvest complete. NE, IA and IL corn and soybean yields continue to hold up the national average corn and soybean yields.
U.S. corn crop conditions fell 3% to 54% G-E and NE corn yield goes up 11 bpa with the 2nd wettest to record wet month of September and harvest only 15% complete??????
Some regions in the U.S. had the hottest summer in 140 years while others had record flooding?????
The Black Sea region is worse not better.
Brazilian real rally.
Brazil looks dry into November.
+ CFTC.