Hog Market Rally Late This Year A Possibility
Support local journalism. Don't let others regulate what news you see. Download our app
or bookmark pembinavalleyonline.com
to ensure you always have a direct connection to your trusted source for local news and information.
|By: Chris Sumner
A market analyst at Manitoba Pork Marketing Co-op feels there may be a rally in hog prices during the last half of the 4th quarter.
Director of Risk Management Tyler Fulton believes the heaviest supplies of hogs and competeting meats like beef will hit the market in early September.
As a result he thinks producers should hold off on taking any protection on production as better opportunities may exsist in the future.
As for the 3rd quarter, Fulton recommends taking protection on 30 to 50 percent of production for the early fall months.
He believes, considering cattle slaughter is up 5 to 6 percent over last year and more cheap beef will be hitting the market, current forward contract prices represent a good value.
Latest in Ag News
Latest stories on PembinaValleyOnline
Corn Maze and family activities
Sun, Sep 24, 11:00 AM
Free Public Skating
Sun, Sep 24, 12:00 PM
St. Leon Fall Supper
Sun, Sep 24, 4:00 PM
Epic Elton - Jeff Scott as Elton John
Sun, Sep 24, 7:00 PM
Culture Days Morden 🎨💃☕
Sun, Sep 24, 7:15 PM