US Return to Normal Fuels Rebound in Hog Markets

(Photo by Scott Olson/Getty Images)
(Photo by Scott Olson/Getty Images)

The Director of Risk Management with HAMS Marketing Services says the return to normalcy in the United States in the wake of COVID is fueling some of the highest hog prices in years

by Bruce Cochrane – Farmscape.ca

North American live hog prices, pressured by changing consumption patterns and reduced processing capacity due to COVID, have rebounded dramatically since this time one year ago, driven in part, by the reopening of the U.S. economy.

Tyler Fulton, the Director of Risk Management with HAMS Marketing Services says it’s remarkable how the market has been able to recover from a huge shock to the value chain.   

We’re looking at hog prices that are coming close to 300 dollars per pig and, even with exceptionally high grain prices, producers are still very profitable in Canada

Farmscape is a presentation of Wonderworks Canada Inc.

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