The director of risk management with h@ms Marketing Services suggests pork producers can mitigate some of the downward price pressure on live hogs by forward pricing.
A swine specialist with Alberta Agriculture and Rural Development says the recent slide in live hog prices appears to have tempered any plans to expand North American hog production.
The director of Risk Management with h@ms Marketing Services is advising pork producers to protect themselves from anticipated drops in the value of live hogs by forward pricing a portion of their production.
The director of Risk Management with h@ms Marketing Services blames higher slaughter numbers resulting from reduced losses due to PED for the substantial drop in live hog prices experienced this winter.
An agricultural economics professor with the University of Missouri expects live hog prices to remain profitable until the end of 2015.
The chair of Alberta Pork says, while it was too late for many, the turn around in live hog prices that occurred in 2014 came just in time to avert disaster within the Canadian pork industry.
Despite the recent slide in live hog prices North American pork producers are expected to remain profitable well into 2015.
The director of risk management with h@ms Marketing Services is confident pork producers will have an opportunity to lock in profitable hog prices this winter and into the spring of 2015 as a result of PED.
h@ms Marketing Services suggests lower than anticipated losses from PED rather than Russia’s ban on North American pork is the main factor behind a substantial drop in live hog prices.
Reduced U.S. hog slaughter numbers due to PED coupled with strong demand for pork is expected to result in continued record live hog prices throughout the third quarter of 2014.
