Reading Time: 2 minutes 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
U.S. livestock: Bargain buying pares some CME hogs’ losses
Hog prices steadying as barbecue season nears
Reading Time: 2 minutes 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
Reading Time: 2 minutes 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
Reading Time: 2 minutes 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
Reading Time: 2 minutes 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
Reading Time: 2 minutes 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
Ontario hog farmers to get new options with Michigan plant
Reading Time: 2 minutes A combination of hog prices remaining high despite good supplies and a new processing plant in nearby Michigan have Ontario hog farmers optimistic about the near future. “It’s unambiguously good news to have more processing capacity close to Ontario,” said Patrick O’Neil, Ontario Pork’s marketing division manager, at the Ontario Pork Congress. The Clemens Food […] Read more
Sizzling hog market waits on new U.S. plants
Reading Time: 2 minutes CNS Canada — Prices for Canadian hogs are enjoying a seasonal bump as consumers prepare for the summer grilling season. In Canada, the Signature No. 5 (Maple Leaf) Index daily price was listed at $179.68 per 100 kg (ckg) on May 26. That price was up $1.11/ckg compared to the week previous, according to data […] Read more
Canadian hog prices to rise by summer
Reading Time: 2 minutes CNS Canada — Cheap prices for feed and a softer Canadian dollar have helped keep Canadian hog prices aloft so far in 2017. “Right now producers are looking at $180 to $184 a pig,” said Andrew Dickson, general manger of Manitoba Pork. “Prices are looking pretty good for June, July, August.” By July, he said, […] Read more
Hog market improving with solid exports
Reading Time: 2 minutes CNS Canada — Strong U.S. exports and declining cold-storage numbers have helped push hog prices on Canada’s Prairies to better levels than a few months back. According to the latest information compiled by Saskatchewan Agriculture, the U.S. exported 173,770 tonnes of pork in November 2016, up 13.5 per cent from 153,051 in October 2016, and […] Read more
A message from April Stewart, Country Guide's Associate Editor
