The latest report for the week ending August 27, 2024, indicates a general decline in cash hog prices across multiple regions, with some exceptions. National cash hog prices showed mid-week increases, but overall, there was a drop of $4-$6 per hog, with BP4/TC4 experiencing nearly an $8 per hog decline. In contrast, Tyson hogs in the U.S. saw a slight increase of $0.55 per hog.
Canadian hog margins also weakened due to the decline in hog values, despite a small reduction in feed costs. The OlyW 20 hog margins saw the largest decrease, dropping by $5.30 to $53.40 per hog in profits. Meanwhile, margins in the U.S. had a mixed outcome, with Tyson hog margins slightly improving, while JM hog margins fell.
The report reflects ongoing volatility in the hog market, with regional differences impacting overall margins and profitability.
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