As of January 1, 2011, Manitoba Pork Marketing Co-op has officially changed its name to h@ms Marketing Services Co-op Inc.
H@ms Marketing Services says the rising cost of U.S. corn could potentially shift the feed cost advantage for hogs back to western Canada, offsetting the negative impact a strong Canadian dollar.
The risk management director with h@ms is blaming recent declines in live hog prices on a larger than normal seasonal surge in hog supplies.
H@ms Marketing Services credits a dramatic improvement in live hog prices in April to higher than anticipated herd reductions, particularly in the United States, and increased global demand for pork.
The general manager of h@ms reports the strong value of the Canadian dollar has limited the benefits of strengthening North American hog markets on the Canadian side of the border.
The chair of the SPI Marketing Group says the formation of a joint venture hog marketing service will provide Saskatchewan pork producers access to services they could not otherwise justify.
The Manitoba Pork Marketing Cooperative is confident a new joint venture hog marketing service will ultimately lead to reduced marketing costs for producers in both Manitoba and Saskatchewan.
The general manager of the SPI Marketing Group says Saskatchewan pork producers will see improved services and reduced costs as the result of a new joint hog marketing venture.
Beginning in the new year a new company will take over the administration of hog marketing services in Manitoba and Saskatchewan.
The CEO of the Manitoba Pork Marketing Cooperative reports improved efficiency in the manner in which it operates could result in reductions in the marketing fees it charges members in the future.
