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Demand For Eggs Fluctuated Over Past Year

It's been one year since COVID-19 arrived in Manitoba.
 
Catherine Kroeker-Klassen is the Board Chair for Manitoba Egg Farmers.
 
"People were buying all kinds of things. One of those things that they were buying was eggs. There was a shortage of eggs at that time, or so it seemed but there was a lot of things happening behind the scenes as far as restaurants starting to close and hospitality and those kind of things and so we had to divert eggs. Instead of going to those places like restaurants and hospitality, now we had to start sending eggs to the retail side, to the grocery stores, because that's were the demand was."
 
She talked about how egg farmers adjusted.
 
"As egg farmers, we certainly did our part and tried to adjust in that way. We work with our industry partners, with grading stations and retailers and there has certainly been a swing, back and forth, on the whole demand for eggs and then restaurants starting to open up again and so we've had to divert eggs here and there where they're needed. COVID certainly has had an effect on eggs for sure."
 
Kroeker-Klassen notes you can't tell a hen to stop laying an egg just because the demand isn't there.
 
"There were some flocks of hens who were taken out early, just to ensure that we didn't have too many eggs in the system when they weren't needed and now it seems like things are ramping up again a little bit. Certain provinces, and Manitoba as well, is opening up more things. Restaurants and those kinds of things and that makes a difference and we want to make sure that we're supplying those needs that all those people have."
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Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?

Video: Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?


Historically, the USDA December crop report is a non-event or another dud report as the USDA reserves any final supply changes to the final report in January of the following year in this case 2026. But after the longest U.S. government shutdown in history at 43 days and no October crop report will they provide more data/surprise and make an exception?
Our China U.S. soybean purchase tracker is now at 26.6% or a total of 3.2 mmt but for traders it’s taking too long to unfold.
The final Stats Canada production report was bearish canola and wheat projection a record crop in both (it adds to the global glut of supplies) and bullish local corn and soybean prices in Ontario/Quebec thanks to a drought. It will not help the fund flow short-term, the USDA may need to offset it?
A U.S. Fed interest rate cut of another 25-basis point next Wednesday (probability 87.1%) could help fund flow and sentiment in stock and ag commodities into year end.
More inflows into Bitcoin this past week saw prices rebound back above 90,000 with support at 82,000 and resistance at 96,000.
A V-shaped bottom in cattle suggest the lows are in after Mexico reported another new world screwworm case. Lower weights, seasonal demand and higher U.S. beef select/choice values with a continued closure of the Mexican border to cattle will result in a resumption of higher cattle futures into yearend.
Australia is expected to produce its 3rd largest wheat crop ever at 36 mmt adding to the global glut of supplies.
Reports of ASF in hogs in Spain the largest pork exporter in Europe could see the U.S. win more pork export business long-term.
If the rains verify into next week of 3-5 inches for Brazil it would go a long way to fixing the dry regions from the last 2-months, but the European weather model has been wrong for the past 2-months!
Natural gas futures are surging to the 3rd price count as frigid hold temps set in.
CDN $ is also surging to end the week on a very resilient economy and better employment numbers suggesting no interest rate cuts next week.
Finally, the CFTC report showed funds were net buyers of soybeans but sellers of corn, canola and wheat. In real time the funds have gone back to selling as they take some profits.