CNS Canada — A weak loonie could improve the profit margin of Canadian pork producers by summer, according to one analyst, but its effects have been little seen in the current market. Influencers outside of currency markets are driving current cash prices lower — and cash prices are relatively depressed, according to Tyler Fulton, director […] Read more

Weak loonie expected to support hog prices, but not yet

U.S. hog herd slowly expands as farmer profit shrinks
Reuters — The U.S. hog herd grew slightly in the September-November quarter versus a year ago, a U.S. Department of Agriculture report showed on Wednesday, amid increased supplies as the industry recovers from a deadly pig virus hurt that farmer profit, said analysts. “Concern about profitability was a major issue. What kept producers from really […] Read more

Hog prices fighting for stability
CNS Canada — Canadian hog prices have been drifting slightly lower over the past few weeks but are showing signs of turning the corner, according to one industry expert in Saskatchewan. Brad Marceniuk, a provincial livestock development specialist in Saskatoon, said he expects prices to stabilize in the next couple of weeks as slaughter numbers […] Read more

Pork prices set to soften, analyst says
CNS Canada — As the North American barbecue season winds down for another year, so too goes some strength in the pork market. For instance, cash slaughter-weight hogs in Saskatchewan, based on the Maple Leaf Signature #3 contract, averaged $162.55/cwt last week, down $7.95 (4.7 per cent) per 100 kg, according to Brad Marceniuk, a […] Read more

Pork prices near bottom but should climb soon, analyst says
CNS Canada — Over a year after porcine epidemic diarrhea (PED) tore into North America’s hog supply, hog production is on the upswing — but the same can’t be said for prices. “I would say prices are likely nearing the bottom. We should start to rebound here once barbecue season sets in,” said Brad Marceniuk, […] Read more