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Share by Email 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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Discover Our Process For Finding Quality Breeding Stock!

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Following the separation of ram and ewe lambs, we highlight the process of selecting premium quality ram lambs and ewe lambs for breeding purposes. Witness the examination of our initial group of rams set to become future breeding stock in this video. Learn about the traits we consider crucial in choosing replacement ewe lambs and breeding rams, with a special focus on our homegrown ram Gladiator. Stay tuned for more in-depth discussions on these characteristics in our upcoming videos!