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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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2026/27 South American Early Soybean Planting Pace a Record + A Repeat of 1998 in Hogs?

Video: 2026/27 South American Early Soybean Planting Pace a Record + A Repeat of 1998 in Hogs?


Despite a Super Strong El Nino the early South American soybean planting pace is ahead of schedule.
The long-term forecast looks dry for the North but wet for the South including Argentina.
China bought 1.5 mmt of U.S. soybeans this week with rumors of 2 mmt and now at 68% of 25 mmt commitment.
The question mark remains the Chinese pledge towards the $17 billion in ag purchases.
NOPA weekly crush report was lower than expected. Another hot U.S. wholesale inflation print this week.
Investors rotating out of AI
Weak U.S. pork demand weighing on hogs
+ CFTC.