The Canadian Pork Council has published a study outlining not only what Canadian hog producers stand to gain from the Trans-Pacific Partnership, but more significantly, what the Canadian hog sector would lose if Canada isn’t part of the multi-lateral trade deal. While the TPP negotiations currently include 12 countries, for Canadian hog producers, the deal… Read More
Category: Meat Markets
It’s been a big week for the beef industry, with news that the World Trade Organization has ruled against Country of Origin Labeling for a fourth and final time and the subsequent — almost immediate — introduction and approval of a bill to repeal it by the U.S. House Agriculture Committee. But, what does all of… Read More
Update on May 20th: The U.S. House Agriculture Committee, as expected, approved Chair Michael Conoway’s bill to repeal COOL on Wednesday morning by a vote of 38-6. It’s expected the entire House will vote on it in early June. The final ruling from the World Trade Organization against U.S. mandatory country of origin labeling and the threat… Read More
The World Trade Organization has once again sided with Canada and Mexico, as the WTO Appellate Body published a fourth and final ruling on U.S. country of origin labeling rules today. The appeal panel decision affirmed earlier rulings saying COOL illegally discriminates against foreign livestock (read the report and findings here). “The United States has used and… Read More
Remember last year, when hog prices spiked and concerns about high bacon prices hit headlines in the mainstream news? For pig producers and processors, those days are distant history, as the North American pork market has since undergone a major reversal. Not wanting to expose consumers to volatility, grocery stores generally lag behind the hog market in moving prices higher (and… Read More
The grass is greening up, the calves are hitting the ground and the steaks are about to hit barbeques across North America, even as cattle prices flirt with new record highs. There’s no way around it — it’s a great time to be a cattle producer in Canada. No one begrudges the cattle industry some… Read More
Years of financial and regulatory challenges have taken a toll on pork production in Manitoba, to the point where the province’s largest hog processing facility now needs around 175 new barns built to operate at full capacity, according to the company’s president and CEO. Speaking at the Manitoba Pork Council annual meeting in Winnipeg on… Read More
Cattle markets typically have seasonal high and lows that you can track and capitalize on…except in the last while, when it seems the markets haven’t stayed true to the more predictable pattern we’ve come to expect. With the first quarter of 2015 behind us, cattle markets are flirting with and surpassing record highs, but April… Read More
North American hog prices have tumbled dramatically from the record highs seen last summer, pushed by a reduced impact from disease, a growing breeding herd and lagging U.S. pork exports. “It’s amazing how quickly things can change, but it does accent how high we were last year as well,” says Tyler Fulton, director of risk management… Read More
It’s nearly the middle of March, but it feels more like May in many parts of Western Canada. Spring-like days with temps in the double digits for much of the southern areas of Alberta and Saskatchewan seem to have buoyed cattle markets, as it’s likely grass will be abundant and soon. That’s the latest Beef… Read More