Increased Pork Demand Needed to Stimulate Recovery in Live Hog Markets
A Senior Risk Management Analyst with HAMS Marketing Services says pork demand will need to improve significantly to stimulate a recovery in live hog markets
by Bruce Cochrane – Farmscape.ca
The U.S. Department of Agriculture’s Quarterly Hogs and Pigs Report, released March 30, indicates the two percent reduction in slaughter hog numbers predicted in the December report has turned into a very slight increase in numbers resulting in downward pressure on prices.
Paul Marchand, a Senior Risk Management Analyst with HAMS Marketing Services, says the higher than projected slaughter hog numbers and reduced slaughter at Olymel in Quebec have added to that pressure.
“The big news right now would be a variety of things happening in the market related to the amount of managed money that’s in the trade”
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