Ontario’s average hog price for the week ending July 18th was down 30 per cent from a year ago.
Agriculture and Agri-Food Canada reports that’s the biggest drop of all the provinces – with Manitoba’s almost 24 per cent drop the smallest year-over-year price decline.
Federal figures show estimated hog slaughter so far this year is up 15 point 6 per cent.
In the U-S, Ron Plain of the University of Missouri reports hog slaughter so far this year is up 7 point 3 per cent.
Plain says last week’s U-S hog slaughter was up 13 point 1 per cent from the same week last year.
He’s also reporting commercial pork production in the U-S in June was over 15 per cent above a year ago, bringing production for the first half of the year to just over 7 per cent higher than last year.
According to Plain, a lot of that additional U-S production volume is ending up in storage.
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