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What tools do you use for budgeting? The June Swine Budget is now available on the OMAFRA website.

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Monday April 20, 2015 Weekly Hog Market Facts.

tables of hog prices

Weekly Hog Market Facts page 1

hog prices

Weekly Hog Market Facts page 2

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2015 Monthly Hog Market Facts

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United States inventory of all hogs and pigs on March 1, 2015 was 65.9 million head. This was up 7 percent from
March 1, 2014, but down slightly from December 1, 2014. Breeding inventory, at 5.98 million head, was up 2 percent from last year, and up 1 percent from the previous quarter. Market hog inventory, at 60.0 million head, was up 8 percent from last year, but down slightly from last quarter.

For the complete report go to
http://usda.mannlib.cornell.edu/usda/current/HogsPigs/HogsPigs-03-27-2015.pdf

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Visit the OMAFRA website for the February Swine Budget.

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The following is an article posted on Farmscape.com

Hog Producers Advised to Protect Themselves by Forward Pricing

Tyler Fulton – h@ms Marketing Services

Farmscape for March 6, 2015

The director of Risk Management with h@ms Marketing Services is advising pork producers to protect themselves from anticipated drops in the value of live hogs by forward pricing a portion of their production.
A combination of higher U.S. slaughter numbers and lower than expected losses from PED has resulted in a steady decline in live hog prices since they reached record levels last August.
Tyler Fulton, the director of risk management with h@ms Marketing Services, says, the impact of PED on the hog supply has been much more moderate this winter than in the winters of 2013 and 2014.

Clip-Tyler Fulton-h@ms Marketing Services:
I think producers should really be considering taking some price protection right straight through the summer time frame but in particular probably focus more on the fall and early winter months.
Right now those prices represent quite reasonable value.
They’re running at a fairly average level, an average discount to what the summer highs are currently offered at but yet we have a lot of fundamentals that could really put a lot of price pressure in those back time frames.
So relative to the potential of significant drops in prices for the third and fourth quarter, I think forward prices that are offered right now are generally pretty good value.
As far as the summer months go I think we’re going to continue to see a really choppy market, really volatile, really no obvious kind of seasonal moves.
We’ll just see higher and lower, big price swings from one week to the next, and so consequently, I think it does make some sense to price a portion of their summer production as well.

Fulton says the USDA’s March Hogs and Pigs report will provide some insight as to how significantly the U.S. herd has grown and an indication of where we can expect prices to be moving forward.
For Farmscape.Ca, I’m Bruce Cochrane.

       *Farmscape is a presentation of Sask Pork and Manitoba Pork Council

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Hog Market Price Trend Report

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