Ontario Pork: Swine Seminar Gearing Up

Aug 28, 2012

Ontario Pork is encouraging pork producers to register for their swine seminar entitled “staying afloat in the troubled waters ahead.” The seminar will take place Wednesday, September 19th at the Shakespeare Community Centre, Shakespeare, Ontario, from 9:30-3:30pm. It’s only $25 for pre-registered attendees and $30 at the door. To register, you can call (519)826-3442 or email ag.info.omafra@ontario.ca

Line up of speakers for the seminar:

Chad Hart, Associate Professor of Economics, Iowa State University – “What to expect in the next 12 months in the hog industry” and “Comparing US and Ontario costs of production”.

Dr. Elisabeth Okholm Nielson, Danish Agriculture and Food Council – “Pharmaceutical use on Danish swine farms; where we need drugs and where we don’t”.

Dr. David Barney, Toronto Zoo – “Considering animal behavior in the design and management of pigs farms and zoos”.

Link to the seminar brochure: http://www.ontariopork.on.ca/Portals/0/Docs/Events/shakespeare_brochure2012.pdf

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!