Pork producers in Western Canada have been seeing a recent downturn in forward hog contract prices.

Tyler Fulton is the Director of Risk Management with Hams Marketing Services.

"We're just under a bit of pressure early this week," he said. "It might be coming from the fact that we're looking at record pork supplies. Consistently, it looks like we're going to be dealing with 2.6 million hogs being slaughtered in the U.S. on average probably most of the weeks between now and the end of the year and that's putting some pressure on prices."

He notes the oversupply of hogs is also resulting in weaker U.S. cash prices.

Fulton adds there is still some uncertainty surrounding African swine fever and the spread of the disease in China.

 

Send your news tips, story ideas and comments to [email protected]

More Ag News

Spring Seeding Getting Started In The Foothills

Foothills County's Ag Fieldman says there's a few farmers with seed already in the ground. Jeff Porter says farmers decide when to seed their crops based on soil temperature which will vary from…

Canadian Beef Worth Celebrating On Earth Day

Today many people around the world will be celebrating Earth Day, however the beef industry often becomes a target from initiatives recommending to eat less meat as a way to help the environment.…

Farm Group Questions UCP Plan To Repeal Bill 6

The Alberta Federation of Agriculture doesn't think repealing the farm safety legislation Bill 6 is a good move. Federation President, Lynn Jacobson, who says they've been lobbying for 20 years to…

2019-20 Crop Acres Still A Mystery

Agriculture and Agri-Food Canada (AAFC) says for 2019-20, the area seeded by province by crop in Canada is a major uncertainty. Across Eastern and Western Canada, moisture conditions remain below…

DrumhellerOnline.com is Drumheller's only source for community news and information such as weather and classifieds.

Login