GFM Network News


Photo: ARS/USDA

Hog market recovering from pandemic lows

China again a major driver of hog values

MarketsFarm — In April 2020, during the early days of the COVID-19 pandemic, prices for lean hog futures dropped to their lowest point since 2002, falling below US$40 per hundredweight. Nearly a year later, the industry is in the middle of a speedy recovery. At the Chicago Mercantile Exchange (CME) on Thursday, lean hog futures […] Read more

(Gloria Solano-Aguilar photo courtesy ARS/USDA)

Hog market at seasonal lows, turnaround expected

MarketsFarm — The Canadian hog market may be at its seasonal lows, but tightening worldwide supplies should underpin values over the next few months. “We’re at a seasonal time of year when prices move lower,” said Brad Marceniuk, livestock economist with Saskatchewan Agriculture, pointing to higher U.S. slaughter numbers and a slowdown in North American […] Read more