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Ontario Pork News Brief
This is a daily briefing of current Ontario Pork initiatives and activities. Briefings will be emailed to those producers who have given Ontario Pork a valid email address and a compilation of these briefings will be sent out in hardcopy to all producers by regular post each week.
Whenever possible producers will be directed to website links and/or phone numbers for more information. This is to help reduce printing and mailing costs. If you require additional resources on an individual basis Ontario Pork will be pleased to provide them to you.
Today's News Brief: Wednesday, March 10, 2010
Annual General Meeting Reminder | Morning Sales & Marketing Report
Annual General Meeting Reminder
The 69th Ontario Pork Annual General Meeting takes place on March 30, 2010 at the London Convention Centre in London Ontario. Delegate packages have been mailed, which include a draft agenda, registration form, information on accommodations and parking, resolutions booklet and councillor notes.
Registration for this meeting is appreciated by March 22, 2010, as space and food requirements must be submitted to the Convention Centre in advance. If delegates have not already registered, please go to: http://www.ontariopork.on.ca/aspx/Public/Event/eventdetails.aspx?ID=325. This link also provides details about accommodations.
More Info:
Marilyn Robbins, marilyn.robbins@ontariopork.on.ca
Morning Sales & Marketing Report (data is subject to change during the day)
Wednesday March 10, 2010
| We plan to sell: |
18,000 market hogs |
| The average daily price for Pool and Pool Plus is: |
$1.38 per kg DW |
| Compared to Yesterday, this is: |
STEADY |
| Yesterday's CME Constructed (201) price was: |
$74.31/cwt |
| Compared to the previous day, this is: |
UP $1.07 |
| Tuesday's Noon Exchange rate was: |
1.0251 |
| Tuesday's 100% formula price was: |
$137.71/ckg DW |
| Tuesday's Forward Contract closing price was: |
$138.51/ckg |
| Yesterday's daily US hog volume was: |
402,000 head |
| Compared to: |
432,000 head this time last week |
We also know that:
- The CME Constructed price is expected to increase 0.25/cwt.
- Yesterday’s US Afternoon National Direct Hog Report announced the following price trend: Barrows and gilts compared to Prior Day's close $0.09 lower.
- The most recent USDA wholesale pork prices (US$/cwt) are as follows:
| |
9-Mar-10 |
Change from prior day |
| Carcass |
$74.60 |
($0.12) |
| Loin |
$86.82 |
$0.86 |
| Butt |
$68.79 |
($0.64) |
| Picnic |
$54.56 |
$1.79 |
| Rib |
$114.16 |
($1.32) |
| Ham |
$73.16 |
($1.03) |
| Belly |
$88.64 |
$0.00 |
Lean hog futures prices on the Chicago Mercantile Exchange were low ranging from down $0.40/cwt to $1.85/cwt lower.
The most recent closing values were:
| Apr 10 |
72.400 |
| May 10 |
77.925 |
| Jun 10 |
80.475 |
| Jul 10 |
80.725 |
| Aug 10 |
80.250 |
| Oct 10 |
71.100 |
| Dec 10 |
67.825 |
All information (including descriptions of or references to products, persons, other web sites, services or publications) is provided entirely "as is" and Ontario Pork makes no representations, warranties or conditions, either express or implied, in connection with the use of or reliance upon this information.
This information is provided to the recipient entirely at the risk of the recipient and, because the recipient assumes full responsibility, Ontario Pork shall not be liable for any claims, damages or losses of any kind based on any theory of liability arising out of the use of or reliance upon this information (including omissions, inaccuracies, typographical errors and infringement of third party rights).
More Info:
Amanda Pizarro: amanda.pizarro@ontariopork.on.ca |