Reading Time: < 1 minute 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. meat cases awash with Christmas hams at bargain
Reading Time: < 1 minute Chicago | Reuters –– Shoppers preparing to feast on ham for Christmas can do so without breaking their budget, thanks to record amounts of pork as the industry rebounds from a deadly pig virus, said analysts following the government’s monthly cold storage report on Tuesday. Christmas is the top-ranked holiday for eating ham, followed by […] Read more
Pork prices set to soften, analyst says
Reading Time: < 1 minute 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
Chinese demand seen eating into pork supply glut
Reading Time: 2 minutes CNS Canada –– Canadian pork producers have seen increased demand from China in recent weeks, which could boost prices in coming months. Despite turbulence in the China’s economy, an industry specialist says exports should be little affected. Pork prices are sensitive to economic change to an extent, but not as much as non-food markets, said […] Read more
Spread between pork, beef prices seen narrowing
Reading Time: < 1 minute CNS Canada — Pork prices in Canada are narrowing the gap with beef prices — but the spread between the two meats remains well above the historical average. “Beef values (cutout) have actually come down a little bit, whereas pork and poultry (cutout) values have actually gone up,” said Brad Marceniuk, a provincial livestock economist […] Read more
Pork prices near bottom but should climb soon, analyst says
Reading Time: 2 minutes 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
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