Manitoba Pork Hosts Virtual AGM

Manitoba Pork held a virtual AGM last week due to COVID-19.

 

General Manager Andrew Dickson provided this update.

 

"We've met with the packing plants as western pork councils. Olymel, for example, has brought in a new pricing formula. Britco has brought in a more competitive model and offered some cash incentives. Maple Leaf foods has recognized that there is an issue in the industry and has offered a temporary cash incentive of $20 per pig for 20 weeks. HyLife introduced a new pricing formula for their suppliers. We continue to work with the Canadian Pork Council in terms of improving the Business Risk Management programs to make them more effective for producers."

 

Dickson said pork producers are seeing very low prices based on historic norms, adding it's going to be rough waters at least until spring time.

 

He notes there are a number of new barns being proposed and constructed across the province.

Video: USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension

USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.