GFM Network News


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Hog market recovering from pandemic lows

China again a major driver of hog values

MarketsFarm — In April 2020, during the early days of the COVID-19 pandemic, prices for lean hog futures dropped to their lowest point since 2002, falling below US$40 per hundredweight. Nearly a year later, the industry is in the middle of a speedy recovery. At the Chicago Mercantile Exchange (CME) on Thursday, lean hog futures



Manitoba’s pork sector continues to grapple with many questions and few answers as it navigates the ‘new normal.’

Pork sector still facing uncertain landscape

The effects of market disruption from COVID-19 and plant closures has yet to dissipate, leaving many questions for the sector

The hog market is starting its rebound with news that previously plugged value chains are once again starting to move — but the sector has a long climb ahead. Bill Alford, general manager of Hams Marketing, noted that U.S. processors previously shut down due to COVID-19 are once again ramping up operations, although the backlog of market-ready hogs held

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Strong foreign demand boosts North American hog markets

MarketsFarm — While the volume of hogs at North American slaughter markets have kept packing plants near capacity in recent weeks, strong foreign export demand has kept pork values high. “We expect pork values to move higher, due to the shortness of production in China,” said Brad Marceniuk, a Saskatchewan provincial livestock economist in Saskatoon.





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Canadian hog prices on rebound

CNS Canada — Improving trade relations and the emergence of swine fever in China have made their presence felt on the Canadian hog market. Weekly signature No. 5 base slaughter weight cash hog prices averaged $117.83 per 100 kg as of Friday, up by roughly $15 over the past two weeks. Those numbers are a