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Hope Emerging for Ontario Producers?

by 5m Editor
17 March 2008, at 10:11am

CANADA - Producers attending Ontario Pork's annual meeting last week said that they were losing as much as $50 on every pig they sell, but they were hoping the deep slump in their industry has now bottomed out.

Reports in the London Free press said that the industry is poised for a significant rebound.

"Low prices and low supply will fix low prices, said Curtiss Littlejohn, chairperson of the group.

Larry Skinner, a former Ontario Pork chairperson, who farms near Listowel, expressed the frustration of producers at the meeting.

"Like every other producer in this room, we have had the worst six months in our farming history. It's unsettling to look at the numbers and say, 'How will we make money going forward?' " Skinner said.

Hog numbers in Ontario started to slide last year as producers cut back on their herds or got out of the business altogether.

The surging Canadian dollar has made Ontario pork uncompetitive and has depressed prices for farmers while prices for feed grain have soared.

The producer group is working hard to find new global market opportunities and has high hope for the booming economies of Asia.

Producers at the meeting said they wanted to know details of the new strategic marketing plan that the Ontario Pork is preparing. However the Board said it was not yet finalised and would not comment on it.

View the London Free Press story by clicking here.

5m Editor