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How Will the Disrupted Holiday Week Impact the Pork Market in the Weeks Ahead?

The holiday shortened week likely caused some disruptions in both product and livestock markets, Steiner Consulting reports in the Daily Livestock Report.

Analysts shared insights into the data that came out on Friday and Saturday and implications for the weeks ahead. 

Hog slaughter last week was estimated at 2.223 million head, down 376,000 head from the previous week as well as 32,000 head lower from a year ago. This is a 1.4% drop year over year. 

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Canada reaches tariff deal with China on canola, electric vehicles

Video: Canada reaches tariff deal with China on canola, electric vehicles

Canada has reached a deal with China to increase the limit of imports of Chinese electric vehicles (EVs) in exchange for Beijing dropping tariffs on agricultural products, such as canola, Prime Minister Mark Carney said on Friday.

The tariffs on canola are dropping to 15 per cent starting on March 1. In exchange for dropping duties on agricultural products, Carney is allowing 49,000 Chinese EVs to be exported to Canada.

Carney described it as a “preliminary but landmark” agreement to remove trade barriers and reduce tariffs, part of a broader strategic partnership with China.