By Fadi Didi
The director of risk management with Hams Marketing Services says
forward hog contract prices have come under pressure over the last
couple of weeks.
Tyler Fulton notes lean hog futures have dropped nearly 10 per cent of their value.
Fulton says this will really stress the importance of export markets, as it would be difficult to increase consumption domestically without significant price concessions.
Wild horse advocates in Nevada have scored a victory in an ongoing legal battle with rural interests they say want to round up federally protected mustangs across the West and sell them for slaughter.
A judge has denied an appeal by groups representing ranchers and others who argue overpopulated herds are damaging the range and robbing livestock of forage.
The decision upholds an earlier ruling by a federal judge in Reno who dismissed their lawsuit in 2015 seeking to force the U.S. Bureau of Land Management to expedite widespread roundups across Nevada.
U-S farmers report they'll plant millions of acres in soybeans instead of wheat this year as a global glut of the grain has made it unprofitable to grow.
The U-S Department of Agriculture says in its annual prospective plantings report that wheat acres will be the lowest on record this year at 46-point-1 million acres and soybean planting will be at a record high of 89-point-5 million acres.
The United States has more than 1 billion bushels of surplus wheat in storage and the oversupply has driven wheat farmers in several states to shift previously planted wheat acres to soybeans.
A new Executive Committee has been name for the Chicken Farmers of Canada.
The elections followed the annual general meeting.
The committe is made up of farmers and other stakeholders from the chicken industry.
Chairman Benoit Fontaine is from Stanbridge Station, Quebec, while Derek Janzen of Adergrove, B-C, is 1st Vice-Chair.