LONDON - Hog prices won’t begin to rebound for at least nine months, says an American agricultural economist.
LONDON — They came looking for some answers. Instead, delegates to the Ontario Pork annual meeting were told they would have to wait until April for the details of the board’s strategic direction.
Up until late last year, Phil Anwender ran a 500-sow, farrow to finish operation. But in December, as the loonie’s value rose and market hog prices crashed, this Sebringville-area producer decided it was time to get out.
Livestock farmers facing negative cash flows may find it difficult to face the reality that they need help. Franklin H. Famme, a Chartered Accountant with Famme and Co. LLP, says now is the time to enlist the help of bankers, rather than viewing them as the enemy. Know your business and know the rules.
LONDON — Ontario pork producers, in the midst of what many are calling a “perfect storm” are trying to determine if this is a “normal” low in the traditional hog cycle or part of something more threatening. With another dismal year predicted, individual producers must decide whether to stick it out in the hope that eventual higher prices will make up the difference or cut their losses now.