Manitoba hog slaughter and pork processing firm HyLife says it’s setting itself up for major expansions of its hog finishing and pork processing capacities. The company on Friday said “steady growth in demand” for its pork products overseas calls for an investment of up to $125 million in its integrated pork operations, to start “as […] Read more
Tag Archives pork exports — page 4
Pork packer HyLife to enter expansion mode
September record-large U.S. hog herd topped expectations
Reuters — The U.S. hog herd in the June-August quarter grew two per cent versus a year ago to a record high, according to Friday’s U.S. Department of Agriculture report, which surpassed average trade projections. Affordable feed, solid summer grilling demand and respectable U.S. pork exports encouraged farmers to grow their herds. Several producers ramped […] Read more
Hog profits disappear as U.S. futures crash
CNS Canada — A sharp drop in the U.S. hog futures over the past week is cutting into the profitability of the Canadian sector as well, with a turn higher unlikely in the near term. U.S. lean hog futures set new contract lows over the past week, as large North American supplies and expectations for […] Read more
Pork market looks to improve by spring
CNS Canada — Canadian pork prices are feeling a modest bump upward as healthy U.S. exports clean up some excess North American pork supplies. Canadian slaughter-weight prices hit their lows in November and December — and since then, they have increased about 30 per cent, according to Brad Marceniuk, a livestock economist for Saskatchewan’s agriculture […] Read more
India to accept Canadian pork
Canadian pork and pork products may now be exported to India under a new agreement for market access announced Friday. Canada, whose overall agrifood exports to India are mainly in pulse crops such as lentils and peas but also include oilseeds, canola oil, cereal grains, dairy goods, apples and cattle, expects to move $2 million […] Read more
China to resume imports from U.S. pork plants
Chicago | Reuters — China, the world’s largest pork consumer, will soon resume imports from 14 U.S. pork plants and warehouses, after halting some shipments last year over the use of a feed additive, the U.S. Department of Agriculture said Friday. USDA did not provide a date on which China will resume the imports. China’s […] Read more
Pork prices set to soften, analyst says
CNS Canada — As the North American barbecue season winds down for another year, so too goes some strength in the pork market. For instance, cash slaughter-weight hogs in Saskatchewan, based on the Maple Leaf Signature #3 contract, averaged $162.55/cwt last week, down $7.95 (4.7 per cent) per 100 kg, according to Brad Marceniuk, a […] Read more
Chinese demand seen eating into pork supply glut
CNS Canada –– Canadian pork producers have seen increased demand from China in recent weeks, which could boost prices in coming months. Despite turbulence in the China’s economy, an industry specialist says exports should be little affected. Pork prices are sensitive to economic change to an extent, but not as much as non-food markets, said […] Read more
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