Hog prices have dipped this year, says provincial livestock analyst Ann Boyda. As of March 10, hog prices had averaged $1.81 per kilogram, down about six per cent from the same period a year earlier, Boyda said in an Agri-News article.
However, prices in 2022 (which averaged $2.27 a kilogram for the year) were nearly 29 per cent higher than the five-year average, she noted. But high feed prices have cut into margins and the provincial hog herd fell by 2.5 per cent last year to 1.53 million head, according to StatCan.
Demand for pork is expected to remain strong this year and while households are being hit by rising food bills, “prices and availability of other proteins may lend support to pork demand,” said Boyda.
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