Amid trade-related tension and market volatility, Canadian hog producers are seeing strong live hog prices, even as U.S. tariff threats loom. According to Paul Marchand, Senior Risk Management Analyst with HAMS Marketing Services, cash markets have shown resilience, offering producers solid returns despite broader geopolitical concerns.
While futures markets have been pressured by uncertainty tied to potential trade actions from U.S. President Donald Trump’s administration, cash hog prices have remained firm, particularly in Canada. Marchand notes that the first week of 2025 saw the highest base price on record for live hogs delivered to Canadian processors. Although prices have followed expected seasonal trends since then, the broader market tone remains positive.