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!
Ag mentioned in Manitoba throne speech Friday, November 22, 2024 Manitoba’s ag sector received multiple mentions during the Nov. 19 throne speech. During Lieutenant Governor Anita Neville’s remarks, she highlighted the government’s plans for Winnipeg. “Our new vision for downtown Winnipeg includes Manitoba’s agricultural sector,” she said. “The new... Read this article online
AEM adds two ag equipment innovators to its Hall of Fame Friday, November 22, 2024 At the recently held Annual Conference of the Association of Equipment Manufacturers (AEM), Roy Applequist and Al McQuinn—two innovators in the agricultural equipment industry—were formally inducted into the association’s . The AEM is North America’s premier trade organization... Read this article online
AGI’s pink conveyor campaign raises more than $60,000 for breast cancer research Thursday, November 21, 2024 Among the greens and reds associated with some of the equipment at Bolt Seed Farms near Wynyard, Sask., one piece of machinery with a unique paint job recently arrived. With a bid of $65,100, Scott Bolt and the Bolt family had the highest bid for Ag Growth International’s (AGI) pink UCX³... Read this article online
IGTC appoints a new Canadian VP Thursday, November 21, 2024 The International Grain Trade Coalition (IGTC) recently held its annual General Assembly in Geneva, Switzerland, gathering international members both in person and virtually to chart a strategic course for the years ahead. The event’s agenda covered critical issues in the global grain... Read this article online
Native plants could be the solution for poultry feed in Alberta Thursday, November 21, 2024 At Lethbridge Polytechnic, Dr. Sophie Kernéis-Golsteyn, a microbiologist, is leading research into antibiotic properties of native Alberta plants to find a natural feed additive for poultry. The project, funded with $80,000 from the Egg Farmers of Canada, will run for 2.5 years in the... Read this article online