Farms.com Home   News

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.

Click here to see more...

Trending Video

Fungicide on Soybeans | Bridging the Gap

Video: Fungicide on Soybeans | Bridging the Gap

Aaron Brooker, Field Sales Agronomist with Beck's Hybrids, discusses how to maximize the profitability of your soybean fungicide applications. Explore the optimal timing for application, the ideal carrier rate, and the best time of day to spray. We'll also discuss why late-planted soybeans benefit significantly from fungicide applications.