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.
Download the full report here
