Pork producers have a reason to be optimistic as their feed costs drop and demand from the United States strengthens
Glacier FarmMedia – A decline in feed costs and lower hog supplies should create optimism for hog producers, says Farm Credit Canada. Feed costs as a percentage of revenue are now closer to the historic norm, says FCC senior economist Justin Shepherd. The most recent 2024 data shows feed costs average 63 per cent of […] Read moreTag Archives hog market
Livestock Report
HOGS The U.S. national live price average for barrows and gilts was $64.15 July 26. It was 65.30 July 19. U.S. hogs averaged $82.13 on a carcass basis July 26, down from $82.42 July 19. The U.S. pork cutout was $105.17per hundredweight July 26, down from $102.16 July 19. The estimated U.S. weekly slaughter to […] Read more
VIDEO: Bland outlook for rest of 2024 hog market
Most farmers were able to make money on market hogs in the first few months of 2024, but prices have weakened
DES MOINES, Iowa — It’s better than losing a lot of money, but hog producers are facing razor-thin profitability for the remainder of 2024, say two leading hog market analysts. “I don’t see us as much better than break-even,” said Steve Meyer, who gave a number of hog market outlooks at the World Pork Expo, […] Read more
Too early to say 2024 will be stronger year for hog prices
Canadian pig producers are happy to put 2023 and its financial losses behind them, but will 2024 be any better? It appears producers in Canada and the United States are reducing the size of their breeding herds, which normally would reduce the supply of pigs and pork and support the price. But the January U.S. […] Read more
VIDEO: Hog price outlook grim as California’s Proposition 12 looms
As of July 2, does North America produce enough Prop 12 compliant pork to feed California's huge population, and what happens to all the pork that gets blocked from the state?
VIDEO: Hog price outlook grim as Prop 12 looms
As of July 2, does North America produce enough Prop 12 compliant pork to feed California's huge population, and what happens to all the pork that gets blocked from the state?
World Pork Expo 2023: Hogs in flux
Follow this page today and tomorrow for posts from the WPX, where I’ll try to bring you what’s happening, what’s news, what’s new and exciting, and what’s going on with BBQ pork, of which there is an abundance smoking away around the Iowa State Fairgrounds. PROP 12 COMPLIANT STEEL AND SYSTEMS BIG IN TRADE SHOW […] Read more
Exports only upside in dismal hog market
Canada has some of the lowest-cost pork in the world, signalling poor returns for hog producers but opportunity to increase exports. Canada’s hog producers are contending with high feed costs and stagnant domestic pork demand while hog prices are down from last year. Pork processor Olymel is reorganizing its business, closing slaughter houses in eastern […] Read more
