News - Hog Prices

A U.S. based agricultural economist says, thanks to a smaller meat supply and a modest improvement in pork consumption, North American pork producers are finally once again turning a profit.

H@ms Marketing Services credits a dramatic improvement in live hog prices in April to higher than anticipated herd reductions, particularly in the United States, and increased global demand for pork.

The Saskatchewan Ministry of Agriculture reports improvements over the past few days have pushed average western Canadian hog prices back above break even.

A U.S. based agricultural economist says global pork consumption will play a key role in influencing live hog prices over the next few months.

An agricultural economist with the University of Missouri predicts continued improvement in live hog prices for the next several months.

The chair of Manitoba Pork Council says the mood of Canada’s pork producers has brightened in the wake of improvements in the market for live hogs.

A livestock economist with the Saskatchewan Ministry of Agriculture predicts the majority of western Canadian pork producers will be back to break even levels by the second quarter of this year.

The Saskatchewan Ministry of Agriculture credits a 15 percent increase in live hog prices over the past month to reduced North American pork production and lower volumes of meat in cold storage.

Canada’s agriculture minister says federal programs designed to assist the Canadian pork industry as it recovers from three years of depressed prices are working.

The Saskatchewan Pork Development Board reports the market outlook for hogs for the coming months is better than it’s for the past three years.