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Genesus Global Market Report Canada January 2024

After a disastrous 2023 financially, Canadian producers are looking for a better 2024. The USDA projects that Canada’s pork production will decline a further -1.2% in 2024 and Farm Credit Canada anticipates producers are going to face tight margins until at least the summer. In the last couple of weeks financial projections for 2024 have changed rather dramatically (see charts below). These charts are projections for producers in Ontario for 2024. The first chart came out on January 3, 2024, and the second chart came out on January 10, 2024. As you can see for the calendar year 12 month average the projection went from a loss of $16.23 to $1.48 loss in the span of one week of projections. That dramatic change is positive news for a wounded industry and will hopefully continue in the direction where most of the 2024 calendar year will be profitable.

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Season 7, Episode 2: From Data to Decisions in Swine Production

Video: Season 7, Episode 2: From Data to Decisions in Swine Production

Data can provide a clear picture of trends and performance across a swine farm, but its greatest value comes from putting those insights into action. In this episode, Dr. Edison Magalhães, assistant professor in the department of animal science at Iowa State University, discusses how producers can leverage data to make informed decisions that improve herd performance from birth to market. He highlights the challenges of siloed data across different teams, the impact those gaps can have on performance and the importance of integrating data to gain a more complete picture of herd health and productivity. He also explains the PROSPER (Predictors of Swine Performance) tool, which combines data from multiple sources to help producers better understand herd performance.