Pork belly futures a thing of the past Monday, October 3, 2011 The mid-July notice from the Chicago Mercantile Exchange was simple and terse."Because of a prolonged lack of trading volume and after significant discussion with industry participants, CME will be delisting Frozen Pork Bellies Futures and Options effective Monday July 18, 2011."According to Minyanville Media, which reports on commodity trading, pork belly trading, which celebrated its 50th birthday this year, was the most recognized and glamorous of the commodity trading contracts. Pork bellies, frozen in the winter when demand was low, were thawed in the summer to meet the high demand when bacon and tomato sandwiches were peaking. The seasonal demand produced a need to hedge against higher prices. A single contract consisted of 40,000 pounds of frozen trimmed bellies from which bacon was made.Minyanville said trading in hog bellies declined for a number of reasons. The packing industry has switched to fixed price contracting. A few huge companies producing both pigs and bacon dominate. On top of that, demand is no longer seasonal, with hamburger chains adding bacon to make their sandwiches more palatable. BP 'This program is no ASRA' It's the pork, stupid!
Fresh Immigration Stream for Farm Jobs Friday, July 11, 2025 Canada’s agriculture industry is facing serious labour shortages. To resolve this issue, Immigration, Refugees and Citizenship Canada (IRCC) is working on a new immigration stream that will help bring international workers into this essential sector. The Agri-Food Pilot, which previously... Read this article online
CFIB urges clarity on internal trade rules Friday, July 11, 2025 As the Committee on Internal Trade (CIT) prepares to meet, the Canadian Federation of Independent Business (CFIB) is urging officials to finalize a pan-Canadian mutual recognition agreement and support interprovincial alcohol delivery. In a letter sent to the committee, CFIB highlights... Read this article online
Ontario farmers get boost for energy upgrades Friday, July 11, 2025 The governments of Canada and Ontario are investing up to $3 million in the third round of the Agricultural Stewardship Initiative (ASI). This funding will help farmers improve the energy efficiency of their operations and support the long-term sustainability of the agriculture... Read this article online
Ag industry remembers Bob Mazer Thursday, July 10, 2025 Members of the Canadian and American ag industries are remembering Bob Mazer, the president and CEO of Mazergroup, an equipment dealership network with 18 locations between Manitoba and Saskatchewan. Mazer passed away on July 6 after a battle with cancer, a Facebook post says. He was... Read this article online
Swede midge and cabbageworm found in Ontario canola Thursday, July 10, 2025 As reported on the OMAFA website fieldcropnews.com, Ontario canola crops are at various growth stages, ranging from seedling to full bloom depending on planting time and region. Winter canola is now fully podded, and harvest is expected to begin soon in Essex and other southern... Read this article online