(Regis Lefebure photo courtesy ARS/USDA)

Pork prices set to soften, analyst says

CNS Canada — As the North American barbecue season winds down for another year, so too goes some strength in the pork market. For instance, cash slaughter-weight hogs in Saskatchewan, based on the Maple Leaf Signature #3 contract, averaged $162.55/cwt last week, down $7.95 (4.7 per cent) per 100 kg, according to Brad Marceniuk, a



hog prices chart

Lean hog futures plunge to a six-year low

Market Outlook: What was first seen as a downward correction was a longer-term trend

Lean hog futures have lost 57 per cent of their value since prices peaked at a historical high of $134 per hundredweight on July 15, 2014. As always, the news was incredibly bullish at the top. Expectations for higher hog prices ran rampant, as the industry was concerned about the PED virus outbreak and the

group of pigs

PED not sole factor in hog price increase

Even without PED hog prices would have been strong last year

No one wants to rejoice in their neighbours’ suffering — or at least no one admits to it — but the ongoing PED outbreak south of the border has undoubtably aided Canadian hog producers. Speaking at a Farm Management Canada’s Agriculture Excellence conference in Winnipeg, J.P. Gervais said that the continued presence of the porcine