US Return to Normal Fuels Rebound in Hog Markets

Jun 07, 2021

The Director of Risk Management with HAMS Marketing Services says the return to normalcy in the United States in the wake of COVID is fueling some of the highest hog prices in years. North American live hog prices, pressured by changing consumption patterns and reduced processing capacity due to COVID, have rebounded dramatically since this time one year ago, driven in part, by the reopening of the U.S. economy.

Tyler Fulton, the Director of Risk Management with HAMS Marketing Services says it's remarkable how the market has been able to recover from a huge shock to the value chain.

Clip-Tyler Fulton-HAMS Marketing Services:

Prices are exceptional right now, would be the best way to describe it. What we've got is a scenario where carcass prices in the United States are bumping up against all time highs.

As a result, most of the prices that packers, both in the United States and Canada, pay based on are referencing in some way those carcass values and so consequently it's a very profitable time.

We're looking at hog prices that are coming close to 300 dollars per pig and, even with exceptionally high grain prices, producers are still very profitable in Canada, arguably making some of the best margins that they've made in probably eight or nine years.

Source : Farmscape

Video:

Lyrics:

My days begin with workin’, Alarm’s at 5 o’clock,
I Fill 5 gallon buckets, The feeders and the troughs,
This five to nine ain’t workin’, why the heck do I work so hard?,
I can’t worry ‘bout health problems, I can sleep in when I’m gone,

One, here comes the two to the three to the four,
Tell em’ ‘buy another cow, we need plenty more’,
Blue jeans are gettin’ dirty, what else could I ask for,
Oh my, more chores

Someone pour me up another shot of sweet tea,
They know me and working hard’s got a history,
There’s another flock of sheep that still needs feed,
Everybody on the farm gettin’ busy,

Everybody on the farm gettin’ busy,
Everybody on the farm gettin’ busy,

I’ve been working pretty stressed but,
I ain’t changing for some cash,
Lord knows that I’m very blessed (More chores),
But I gotta say it’s hard,
Workin’ outside gettin’ charred,
Living out here on the farm, (more chores)

One, here comes the two to the three to the four,
Tell em’ ‘buy another cow, we need plenty more’,
Blue jeans are gettin’ dirty, what else could I ask for,
Oh my, more chores

Someone pour me up another shot of sweet tea,
They know me and working hard’s got a history
There’s another 20 chickens that still need feed,
Everybody on the farm gettin’ busy,

Everybody on the farm getting’ busy,
Everybody on the farm gettin’ busy,

Fun, here on ranch that’s what you can’t ignore,
Might be pretty hard but I love it to its core,
Flannel’s gettin’ dirty, what else could I ask for,
Oh my, more chores (Tell ‘em sing with me)

Someone pour me up another shot of sweet tea,
They know me and working hard’s got a history,
There’s another flock of sheep that still needs feed,
Everybody on the farm gettin’ busy,
Someone pour me up another shot of sweet tea,
They know me and working hard’s got a history,
Watching cattle in the dark, don’t miss me,
Everybody on the farm gettin’ busy,
(Yeeeeeehaw)
Everybody on the farm gettin’ busy,
Everybody on the farm gettin’ busy,
It’s the best bro, go get yourself a farm