Farms.com Home  › News

Western Canadian Pork Producers Scrambling Following Olymel Closure

Pork producers are scrambling following the temporary closure of one of the largest hog slaughter facilities in the country due to a major COVID-19 outbreak.
 
Tyler Fulton, Director of Risk Management at Hams Marketing Services, commented on the situation at the Olymel Plant in Red Deer, Alberta.
 
"It's early days but it's no doubt a tough blow. When you've got an industry that is set-up really with just-in-time delivery on their live animals, any time a significant plant goes down for an extended period of time, it really makes it difficult to help manage the flows," he said. "We're all hoping that first of all that employees will be healthy and be able to return soon and that the total impact on the industry is limited to hopefully just a few days or at most a few weeks."
 
Olymel has informed all hog suppliers of the Red Deer plant on the situation and has suspended all pending deliveries until further notice.
 
As for the markets, Fulton says they have really taken off over the last two or three weeks.
Click here to see more...

Trending Video

2026/27 South American Early Soybean Planting Pace a Record + A Repeat of 1998 in Hogs?

Video: 2026/27 South American Early Soybean Planting Pace a Record + A Repeat of 1998 in Hogs?


Despite a Super Strong El Nino the early South American soybean planting pace is ahead of schedule.
The long-term forecast looks dry for the North but wet for the South including Argentina.
China bought 1.5 mmt of U.S. soybeans this week with rumors of 2 mmt and now at 68% of 25 mmt commitment.
The question mark remains the Chinese pledge towards the $17 billion in ag purchases.
NOPA weekly crush report was lower than expected. Another hot U.S. wholesale inflation print this week.
Investors rotating out of AI
Weak U.S. pork demand weighing on hogs
+ CFTC.