Global market report of Canada in December, 2022

Published 2023년 1월 3일

Tridge summary

Canadian farmers are facing high feed prices, which are cutting into profits despite high retail pork prices. The high pork prices and potential decrease in feed costs are expected to continue into 2023. In 2022, Canadian crop production rebounded, leading to a significant increase in wheat exports. However, political leaders are making efforts to reduce agricultural emissions, which could result in job losses and higher food prices. The Canadian government plans to triple the carbon tax, which could cost a large farm $150,000 a year. The writer expresses concern about the potential impact of these policies on the agricultural sector and the hypocrisy of politicians who fly privately to climate summits.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Canadian producers, like much of the world currently are dealing with high feed prices. This is impacting profitability despite high retail pork prices. There seems to be little to no actual expansion of the sow herd due to expensive building costs and a pork market that isn’t very ecstatic. 2023 should see high pork prices again and feed costs will hopefully come down some so producers can be profitable. 2022 saw Canadian crop production rebound from a poor 2021. Wheat exports were 15Mt in 2021 and 26Mt this year – a 73% increase. This influx of wheat in Canada and to the world is positive news in an increasingly volatile market. We are seeing globally (mostly just in Western countries) an effort by political leaders to bring down agricultural emissions. This effort by them will be far impacting. We have seen Dutch farmers protesting the country's plan to halve the country’s livestock, New Zealand plans to tax agricultural emissions by 2025, Irish farmers are expected to cut ...
Source: Thepigsite

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