There has been a good upturn in lean hog futures and consequently in fixed forward contracts that are offered for western Canada.

Tyler Fulton is the director of risk management for Hams Marketing Services.

"Generally speaking the market has taken in some more optimistic market fundamentals, market data, and has worked that in to higher prices for generally the spring and summer months," he explained. "The Canadian dollar has bumped up a little bit over the course of the last couple of weeks, but not enough really to undue the gains that we've seen in the lean hog futures."

Fulton adds that the market has been easily able to clear the excess inventory, which has amounted to about three to four per cent more pork over year ago levels, and it's happening at higher prices.

He notes producers should consider covering up to half of their spring production price risk, as supplies are projected to stay heavy while there are headwinds in the export markets.

More Ag News

Government of Canada Supports World Standard-Setting Bodies

The Government of Canada is investing $1-million in the world’s three standard-setting bodies for agriculture and food products. The money will support scientific and technical work of the Codex…

Bayer-Monsanto Deal Receives EU Antitrust Approval

Bayer, of Germany, has won EU antitrust approval for its $66 billion dollar bid to buy U.S. company Monsanto. The European Commission said Bayer addressed its concerns with its offer to sell a number…

Manitoba Hosting EU Delegation To Discuss CETA

The Manitoba government is hosting roundtable discussions with representatives from European Union (EU) member states to raise awareness of trade and investment opportunities in Manitoba under the…

Valmar Airflo Founder To Be Honoured Posthumously At Awards Gala

This week is Manufacturing Week in Manitoba. The founder of Valmar Airflo, of Elie, MB, is being honoured posthumously Thursday night at a gala taking place at the RBC Convention Centre in Winnipeg.…

CCGA Wants Limit Increase On Cash Advance Program

Bill C-49 needs to be amended and passed by the Senate as soon as possible. That from Canadian Canola Growers Association (CCGA) CEO Rick White, who spoke earlier this week at an emergency meeting…

Temple Grandin Encourages The Ag Industry To Share Their Story

One of the most brilliant minds in animal welfare was at the 2018 Livestock Care Conference last week in Olds, Alberta. Dr. Temple Grandin gave a speech about the issues our agriculture industry is…

Livestock Industry Welcomes Proposed Changes To The Planning Act

This week the province introduced new legislation that would modernize The Planning Act. Bill 19 (The Planning Amendment Act) would give municipalities the option of setting a threshold for…

Emergency Meeting Held In Ottawa To Discuss Grain Backlog

Grain industry representatives were in Ottawa Monday to address the House of Commons Standing Committee on Agriculture and Agri-Food on the grain transportation backlog. Canadian Federation of…

MBFI Seeking General Manager

Manitoba Beef and Forage Initiatives (MBFI) near Brandon is looking for a General Manager to help lead the organization moving forward. The General Manager will work out of MBFI’s Brookdale farm site…

MacAulay Listens To Concerns About Rail Service

On Monday, Federal Agriculture and Agri-Food Minister Lawrence MacAulay met with representatives from the grain industry who form the Crop Logistics Working Group (CLWG). The Minister wanted heard… is Steinbach's only source for community news and information such as weather and classifieds.

Search the Biz Guide

Mindfulness Based Stress Reduction in Cancer Care. 8 Week Program

05 March 2018 6:00 pm - 07 May 2018 6:00 pm

Bethesda Hospital Crocus Room

Bethesda Hospital Book Sale

23 March 2018 9:00 am - 9:00 pm

Clearspring Mall

Child Evangelism Fellowship of Manitoba Banquet - Celebrating 80 years!

23 March 2018 5:00 pm

Mennonite Heritage Village, Steinbach

Soft Taco and Home made Chicken Noodle Soup Fundraiser.

23 March 2018 5:00 pm - 7:30 pm

Mitchell Senior Community Center @ 130 Ash Street, Mitchell