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

SeedMaster's New Tunable Tower Wins Best New Product At Ag Days

SeedMaster's new Tunable Tower brought home the Best New Product Award this year at Manitoba Ag Days. The tower offers farmers new access to metering and distribution data and a way to respond to it.…

Arnold Innovations of Hamiota Wins Ag Days Inventor's Showcase

Arnold Innovations of Hamiota came out on top at this year's Manitoba Ag Days Inventor's Showcase. The company won for its New Holland Lexion Combine Cylinder Reverser. The product allows for the…

Risk Management Programs To Continue In 2017

Manitoba farmers will continue to benefit from comprehensive coverage provided through AgriInsurance and the Western Livestock Price Insurance Program in the upcoming season. The announcement was…

Manitoba Ag Days Gives Back To Community

Tuesday morning’s Kick Off Breakfast raised $3283.25 for Ag In the Classroom – Manitoba to support youth education. In other news: In the fall of 2015 Manitoba Ag Days announced the “Ag Days Gives…

CASA Brings Grain Safety Demonstration To Ag Days

Those attending Manitoba Ag Days this year, may have noticed a new attraction inside the main arena inside Brandon's Keystone Centre. The Canadian Agricultural Safety Association (CASA) has set up a…

Province Announces KAP Funding Review

Manitoba Premier Brian Pallister and Provincial Agriculture Minister Ralph Eichler gave their keynote addresses Tuesday at Manitoba Ag Days in Brandon. Eichler announced the government’s commitment…

4-H Manitoba Announces New Alumni Program At Ag Days

4-H Manitoba, in partnership with 4-H Canada, has announced the launch of a new alumni program. The initiative, known as Club 1913, was revealed Tuesday at Manitoba Ag Days in Brandon. The new online…

Come Prepared To Ag Days

Yesterday marked day one of the 40th edition of Manitoba Ag Days, going on at the Keystone Centre in Brandon. What started out as a one day weed fair, has grown into Canada's largest indoor farm…

US Winter Wheat Acres Reach 108-Year Low

A significant reduction in winter wheat acres in the US should help support prices here in Canada. That from Bruce Burnett, weather and crop specialist with G3, commenting on last week's USDA crop…

Ag Days Begins Tomorrow

Organizers of the 40th Manitoba Ag Days are expecting to see up to 50,000 people come through the doors of the Keystone Centre this week. Canada's largest indoor farm show runs from Tuesday until…

Big Supply vs Big Demand

Mike Jubinville of Pro Farmer Canada gave the wrap-up presentation on the markets last week at CropSphere in Saskatoon. He says he views the marketplace right now as one of very big supply versus…
Default Image

Warmer Weather Expected Across The Prairies

It appears we could be in for a dramatic change in the weather. Bruce Burnett is the weather and crop specialist for G3. "Certainly it looks as if we're going to see some above normal temperatures…

Crop Research Benefits From Rail Revenue Overages

The Western Grains Research Foundation (WGRF) is the big winner when the railways make too much money. The non-profit organization will receive about $4.65 million as a result of both CN and CP Rail…

Warmer Weather Expected Across The Prairies

It appears we could be in for a dramatic change in the weather. Bruce Burnett is the weather and crop specialist for G3. "Certainly it looks as if we're going to see some above normal temperatures…

US Soybean End Stocks Drop In Jan WASDE Report

The USDA released its US Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports on Thursday. Dan Basse, president of Chicago's AgResource Company, talked about the biggest…

Former George W Bush Speech Writer Discusses Trump With Farmers

A former speech writer for George W. Bush was a keynote speaker this week at CropSphere in Saskatoon. David Frum addressed a crowd of about 500 and talked about the impacts of the US presidential…

Ag Leaders Urge Trump To Make Secretary Of Agriculture Pick

The United States Secretary of Agriculture remains the last department head to be named by President-Elect Donald Trump. This is concerning the agriculture industry on both sides of the border.…

CASA To Launch Grain Safety Program At Ag Days

The Canadian Agricultural Safety Association (CASA) will be launching a new grain safety program at this year's Manitoba Ag Days in Brandon. The BeGrainSafe program is composed of four educational…

Jim Pattison Group Merges JayDee AgTech & Maple Farm Equipment

There's been a major merger in the agriculture equipment sales sector in Saskatchewan & Manitoba. The Jim Pattison Group announced this week that they will be merging their JayDee AgTech and Maple…

Lean Hog Futures On The Rise

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…

DiscoverWestman.com is Westman's only source for community news and information such as weather and classifieds.

Christ Church Gospel Music Night

21 January 2017 7:30 pm

Christ Church, Portage la Prairie





Recycle Your Christmas Trees

23 January 2017 12:00 am - 4:30 pm

TBA





Monday Morning Pottery Class

23 January 2017 10:00 am

Portage & District Arts Centre, Pottery Studio, Portage la Prairie





Alzheimer Society "Minds In Motion"

23 January 2017 1:00 pm - 3:00 pm

PCU Centre, Portage la Prairie





Login