Ontario’s Hog Price Drop From Last Year Biggest In Country

Ontario’s average hog price for the week ending July 18th was down 30 per cent from a year ago.

Agriculture and Agri-Food Canada reports that’s the biggest drop of all the provinces – with Manitoba’s almost 24 per cent drop the smallest year-over-year price decline.

Federal figures show estimated hog slaughter so far this year is up 15 point 6 per cent.

In the U-S, Ron Plain of the University of Missouri reports hog slaughter so far this year is up 7 point 3 per cent.

Plain says last week’s U-S hog slaughter was up 13 point 1 per cent from the same week last year.

He’s also reporting commercial pork production in the U-S in June was over 15 per cent above a year ago, bringing production for the first half of the year to just over 7 per cent higher than last year.

According to Plain, a lot of that additional U-S production volume is ending up in storage.