News - Hog Prices

A partner with Gowan’s Feed Consulting reports strong hog prices are helping offset some of the concerns of western Canadian pork producers over high feed costs creating some optimism moving into the fall and heading toward winter.

The general manager of h@ms Marketing services reports a weaker Canadian dollar and strong exports of Pork from the U.S. have reversed the typical seasonal decline in live hog prices.

A U.S. based agricultural economist blames cooler weather and resulting increased growth rates for a substantial reduction in North American live hog prices over the past couple of weeks.

A U.S. based agricultural economist credits lower than expected slaughter numbers, reduced slaughter weights and strong demand for pork for record high North American hog prices this summer.

The Saskatchewan Ministry of Agriculture credits strong export demand for pork for a substantial increase in North American live hogs prices over past couple of weeks.

The closure of the Cloverdale Foods Minot pork packing plant is expected to have a minimal impact on prices paid for western Canadian live hogs.

The Saskatchewan Ministry of Agriculture expects consumer demand for pork, particularly on the export market, to be the key factor influencing live hog prices in the coming months.

A senior market economist with the George Morris Centre expects consumers to alter their food purchasing patterns as prices rise in the grocery store.

A U.S. based agricultural economist is advising pork producers to keep a close watch on feed costs and to stay ahead of their feed requirements heading toward the 2011 planting season.

An agricultural economics professor with the University of Missouri expects a return to profitability within the North American swine industry by April and strong profits through the summer.