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Weekly Regional Hog Price Report – November 5, 2024

Weekly Hog Prices: Cash hog prices increased significantly across all markets as the counter-seasonal rally continues. National PM prices over the 5-day week averaged a gain of $5.69 US per cwt, although Friday-to-Friday values were only $3.40 higher as the market peaked mid-week and declined on Thursday and Friday. CME cash prices saw a weekly average increase of $2.64 but ended Friday over Friday up by $3.83 US/cwt. Wholesale pork primals continued their strong performance, ending $5.03 higher, over 5% above the previous week. The cutout closed the week at $103.97, marking the highest weekly price since early August.

Canadian Hog Prices: Higher Canadian hog prices persisted, supported by a robust U.S. cash hog market and a stronger Canadian exchange rate. ML Sig 4 posted a gain of $5.58 per hog from the previous week, Hylife recorded a $9.49 increase, and Olymel saw rises of $5.21 (OlyW21) and $4.56 (OlyW20). In the U.S., Tyson hogs experienced a significant gain of $9.59 per hog, while JM hogs increased by $11.96 US per hog.

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Time to save the crop with fungicide!

Video: Time to save the crop with fungicide!

In today’s YouTube video, we walk through some corn fields scouting for disease pressure. Living in the river bottoms like we do, we are always at risk for gray leaf spot and Northern corn blight. We are doing an aerial application of Miravis Neo to protect our corn from those diseases. This year we are using a drone to do our application to help ensure that we can be timely and protect our investment. Miravis Neo helps corn and soybeans stay cleaner and greener through harvest for greater potential yield and ROI.