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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.
Thursday September 2, 2010
September’s putporkonyourfork.com E-Newsletter | Ontario Pork to be featured on CHEX-TV (Peterborough) | Morning Sales & Marketing Report
Ontario Pork Progresses to Open Marketing
Ontario Pork got out of the starting gate aggressively from the May 13th decision from the Minister of Agriculture, Food and Rural Affairs to deregulate Ontario’s hog industry. Preparation for the new environment is underway with divisions being established for Ontario Pork Universal Services and Ontario Pork Marketing. The Farm Products Marketing Commission (FPMC) has the task of providing the regulatory amendments that will be needed to implement the Minister’s decision on governance and marketing. The regulatory amendments will identify the three mandatory actions for industry players – producers, processors, transporters and marketers:
- mandatory price reporting so Universal Services can report price in aggregate form to the industry;
- remittance of fees; and
- submission of information to support traceability.
Ontario Pork is also participating in the newly constituted Hog Industry Advisory Committee (HIAC) bi-weekly meetings that began August 10th. The Committee is Chaired by Jim Clark from the Farm Products Marketing Commission and members include Wilma Jeffray, Mary Ann Hendrikx and Ken Ovington from Ontario Pork, Cathy Aker of Maple Leaf Consumer Foods, Dan Cohoe of Quality Meat Packers Ltd. and Bob Hunsberger of Conestoga Meat Packers. The Committee can advise and make recommendations to Ontario Pork, processors and the FPMC as the industry transitions into the new environment.
A Financial Protection Program for the industry is still being investigated and that topic will be discussed by the producer voting members at Ontario Pork’s Policy Day September 17th. Ontario Pork will also be providing additional communication materials on the pending changes on that day.
The deadline for the Minister’s order is December 4th.
Ontario Pork to be featured on CHEX-TV (Peterborough)
Foodland Ontario will be promoting Ontario Pork featuring the Grilled Peaches and Pork Salad recipe on CHEX-TV (Peterborough) tonight and tomorrow morning (Thursday September 2 and Friday, September 3, 2010).
Date: September 2, 2010
Station: CHEX-TV (Peterborough)
Airtime: 5:30 p.m.
Recipe: Grilled Peaches and Pork Salad
Date: September 3, 2010
Station: CHEX-TV (Peterborough)
Airtime: 6:00 a.m.
Recipe: Grilled Peaches and Pork Salad
The above recipe will be available on the Foodland website at www.foodlandontario.ca – click on the TV Recipes tab.
Please note: These segments were pre-taped and may not necessarily air in the sequence outlined below.
Morning Sales & Marketing Report (data is subject to change during the day)
Thursday September 2, 2010
| We plan to sell: |
29,000 market hogs |
| The average daily price for Pool and Pool Plus is: |
$1.48 per kg DW |
| Compared to Yesterday, this is: |
DOWN $0.09 |
| Yesterday's CME Constructed (201) price was: |
$83.00/cwt |
| Compared to the previous day, this is: |
DOWN $0.01 |
| Wednesday's Noon Exchange rate was: |
1.0642 |
| Wednesday's 100% formula price was: |
$159.81/ckg DW |
| Wednesday's Forward Contract closing price was: |
$145.98/ckg |
| Yesterday's daily US hog volume was: |
413,000 head |
| Compared to: |
413,000 head this time last week |
We also know that:
- The CME Constucted price is expected to decrease 0.35/cwt.
- Yesterday’s US Afternoon National Direct Hog Report annouced the following price trend: Barrows and gilts compared to Prior Day's close $1.57 lower.
- The most recent USDA wholesale pork prices (US$/cwt) are as follows:
| |
1-Sep-10 |
Change from prior day |
| Carcass |
$90.73 |
($0.50) |
| Loin |
$94.83 |
($2.47) |
| Butt |
$79.59 |
$2.97 |
| Picnic |
$62.64 |
($0.46) |
| Rib |
$119.77 |
($3.74) |
| Ham |
$81.59 |
$0.01 |
| Belly |
$147.38 |
$0.00 |
- The most recent Canadian Dollar futures prices on the Chicago Mercantile Exchange are as follows:
|
1-Sep-10 |
Change from prior day |
| 11-Mar |
0.9470 |
(0.0132) |
| 11-Jun |
0.9452 |
(0.0132) |
| 10-Sep |
0.9514 |
0.0074 |
| 10-Dec |
0.9485 |
0.0063 |
- The most recent closing Lean hog futures prices on the Chicago Mercantile Exchange are as follows:
|
1-Sep-10 |
Change from prior day |
| 11-Jul |
$81.125 |
($0.475) |
| 10-Oct |
$74.950 |
($0.200) |
| 10-Dec |
$72.875 |
($0.400) |
| 11-Feb |
$75.925 |
$0.125 |
| 11-Apr |
$76.925 |
$0.000 |
| 11-May |
$80.100 |
($0.300) |
| 11-Jun |
$82.700 |
($0.050) |
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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
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