This is up marginally from last week and carried through all contract months. Quebec sales for the week were 13,001 head higher than the previous week. We are pleased to announce that we have signed a Platinum Contract with Quality Meats. The contract is for a 3-year term based on 2,500 hogs per week. We are completed the development of the producer contract.
Space is limited.
If you are interested in signing up, please call our office or the Field Service Staff. As provided to the Ontario Farmer Ontario Pork's forward pricing program recently passed a milestone as more than a quarter million hogs have now been contracted since the program's inception. Last week, producers delivered 581 hogs against their November forward contracts and 1,216 against their December contracts with Ontario Pork. Continued strength in the nearby futures contracts are the main reason for the negative basis levels that are expected to continue. The relative strength in hog prices seems to be having an impact on producer supply decisions.