Weekly Hog Prices
Cash hogs were mostly lower to start the week with select markets picking up strength Thursday limiting losses. CME cash was narrowly higher ending the week within 50 cents of the prior Friday’s close. Wholesale pork primals were also extremely steady on the week with US pork cutout down only $0.08/cwt over the previous 5 days.
Canadian hog markets were mostly lower week over week with most regions recording losses between $2.00-$3.00 per hog with the exception of BP/TC which only edged lower due to the week lag in pricing. ML Sig 4 dropped nearly $4.50/hog, Hylife recorded a decline of $1.47 and Olymel prices were both lower by $3.00 (OlyW21)and $1.89 (OlyW20). In the US, Tyson hogs gained $1.51/hog while JM hogs edged lower by $0.50/hog adding to recent weakness in the Midwest market.
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