Pork Producers Advised to Take Advantage of Strong Forward Pricing Options
The Director of Risk Management with HAMS Marketing Services is advising pork producers to consider pricing as much as 30 percent of their hog production through the spring, summer and early fall
by Bruce Cochrane – Farmscape.ca
The U.S. Department of Agriculture’s Hogs and Pigs Report for the first quarter of 2021, released last week, indicates U.S. hog numbers have declined about two and a half percent from year ago numbers, a higher decline than had been expected.
Tyler Fulton, the Director of Risk Management with HAMS Marketing Services, acknowledges strong pork demand domestically and on the export front is supportive of higher prices but demand remains an elusive thing to nail down in the context of the pandemic.
“A domestic market combined with what has been really strong demand from China continues to support the idea of higher prices“