Farms.com Home   News

$6-Million Investment to Boost Export Growth for Canadian Pork

Canada Pork International (CPI) will receive an up to $6-million investment to strengthen, diversify and grow Canada’s pork exports in priority markets around the world. 
 
The Honorable Marie-Claude Bibeau, Minister of Agriculture and Agri-Food, announced this funding on Thursday. The funding is designed to help the sector strengthen its knowledge of market opportunities, enhance promotional efforts, increase contact with potential buyers and grow market opportunities for chilled pork exports. 
 
“Canada’s pork industry contributes $24 billion to the economy. This investment will help further increase international demand for Canada’s high-quality pork and create new opportunities for our hardworking producers to take full advantage of new trade agreements,” Bibeau said.
 
international markets, but it will also position Canadian pork producers to further benefit from new opportunities created by Canada’s free trade agreements, an Agriculture and Agri-Food Canada release said.
 
“The Canadian pork industry contributes billions of dollars to the Canadian economy, and I’m proud that we’re opening markets for continued growth in the sector," said Lloyd Longfield, a member of Parliament for Guelph.
 
The project is funded through the Canadian Agricultural Partnership’s AgriMarketing Program. The program supports industry-led promotional activities that differentiate Canadian products and producers, and leverage Canada's reputation for high quality and safe food.
 
Click here to see more...

Trending Video

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

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!