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

USDA Relief Rally + Can the Bulls WIN U.S. Thanksgiving & Christmas?

Video: USDA Relief Rally + Can the Bulls WIN U.S. Thanksgiving & Christmas?

The 2026 USDA November crop report was “friendly” corn and soybean neutral/bearish wheat mad may have stopped the fund bleeding for now. China extends tariff truce for 2-months why not 1 year? Wants 30-30 initiative completed ASAP. USDA Baseline Projections see more 2027 wheat and soybean acres less corn. The last 30-days has been dry for Brazil but monsoonal rains over the next 7-10 days an anchor on soybean futures. New highs in U.S. $ Index & new lows in the CDN $. There were no break throughs in the peace talks with Ukraine-Russian war in Abu Dhabi. The Godfather of AI Jensen Huang resins at NVDA as CEO over the spy scandal + CFTC.