News - Hog Prices

The president of the Canadian Pork Council says Canada’s pork producers will have to adjust to the new reality of a strong Canadian dollar.

The Saskatchewan Ministry of Agriculture reports the biggest factor putting downward pressure on North American live hog prices right now is the seasonal increase in the number of slaughter hogs going to market.

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.

The president of the Canadian Pork Council says keeping the supply and demand curve in balance will be key to maintaining profitable hog prices as Canadian pork producers move into 2011.

A U.S. based agricultural economist predicts the state of the world economy and demand for pork both domestically and on the export market will play a key role in influencing live hog prices in 2011.

The Saskatchewan Ministry of Agriculture reports tight live hog supplies and strong demand for pork have helped return most of the province’s pork producers to profitability.

The Saskatchewan Ministry of Agriculture reports tightened live hog supplies have resulted in improved prices and restored the profitability of most western Canadian pork producers.

The Saskatchewan Pork Development Board credits a combination of reduced hog supplies and stronger demand for pork for improved live hog prices.

Farm Credit Canada says pork producers will need a prolonged period of stable returns to recover equity lost over the past three years.

A U.S. based agricultural economist says, despite the recent dramatic improvements in live hog prices, North American swine herd reductions are likely to continue through the remained of 2010 and into 2011.