CNS Canada — Improving trade relations and the emergence of swine fever in China have made their presence felt on the Canadian hog market. Weekly signature No. 5 base slaughter weight cash hog prices averaged $117.83 per 100 kg as of Friday, up by roughly $15 over the past two weeks. Those numbers are a […] Read more
Canadian hog prices on rebound
Price plunge spells disaster for Alberta hog farmers
Demand is strong, Canadian packers are short 70,000 hogs weekly, but prices have plunged
Reading Time: 5 minutes A crash in prices — fuelled by Washington’s tariff war — could spell the end for many of Alberta’s dwindling number of hog operations. The sector has already lost half of its hog farms in the past decade and with producers losing $50 on every animal they ship, more are looking at throwing in the […] Read more
Trade uncertainty weighs on Manitoba pork prices
CNS Canada –– An ongoing trade battle between China and the U.S., along with general uncertainty in global trade, is starting to put a damper on Manitoba pork prices. In Canada, the formula price used by domestic farmers is based on the national base price in the U.S. That price is determined by a formula […] Read more
U.S. pork, fruit producers brace for second wave of Chinese tariffs
Beijing/Chicago | Reuters — U.S. producers of pork, already saddled with duties enacted in an earlier round of the escalating trade dispute with China, are bracing for further pain after Beijing hit the products with additional tariffs due to come into effect next month. China implemented a 25 per cent duty on most U.S. pork […] Read more
U.S. livestock: Bargain buying pares some CME hogs’ losses
Chicago | Reuters — Chicago Mercantile Exchange hog futures closed moderately higher on Thursday, with support from bargain buying and short-covering that pared some recent market losses amid U.S. trade worries, said analysts. U.S. hog farmers, still reeling from higher retaliatory tariffs on pork imposed by China in early April, are bracing for another round […] Read more
Hog prices steadying as barbecue season nears
CNS Canada — With barbecue season on the horizon, prices for Canadian pork rose during the week ended April 27, breaking out of their month-long fall. The timing could be perfect, as negotiators have already begun working on improving trade relations and cancelling proposed tariffs on Chinese imports of U.S. pork and other goods. “Prices […] Read more
Tariffs raise tough questions for pork industry
CNS Canada — Representatives from the two largest pork-exporting states in the U.S. were in Winnipeg Thursday to take in the Manitoba Pork Council’s general meeting. The delegates, who hailed from Iowa and Minnesota, talked about the various challenges facing their industry. In 2017, over a quarter of the U.S. pork industry’s C$6.5 billion market […] Read more
Pork exports key in 2018 as U.S. slaughter ramps up
CNS Canada –– Canadian pork producers should see higher returns for their product in the spring of 2018, but whether those prices last may determine how successful Canada is at tapping new markets. According to U.S. Department of Agriculture supply estimates, weekly U.S. hog slaughter numbers over the past two months have averaged 2.369 million […] Read more
Hog prices feeling weakness as new U.S. plants start up
CNS Canada — Canadian hog prices are feeling the effects of near record-high slaughter volumes in the U.S. During the week ended Sept. 30, over 2.5 million hogs were processed, up three per cent from the same week a year ago and the third largest kill on record over the last 30 years. According to […] Read more
U.S. livestock: Hogs hit 2-1/2-year high on packer demand
Chicago | Reuters — U.S. lean hog futures surged to a 2-1/2-year high on Friday as recent gains in cash hog prices prompted investor buying in futures, traders and analysts said. Rising wholesale pork values underscored strong meat demand and also bolstered futures while rising temperatures forecast next week could slow the rate of weight […] Read more
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