By Bruce Cochrane
The manager of industry and policy analysis with Sask Pork expects the current strong market for live hogs to fuel renewed interest in building new feeder barns in Saskatchewan.
North American pork producers have seen record live hog prices this summer fuelled primarily by reduced production in the U.S. due to Porcine Epidemic Diarrhea, and although Russia's announcement that it's responding to new sanctions imposed over the crisis in Ukraine by banning a range of food imports from Canada, the U.S., the European Union, Australia and Norway including pork has impacted prices, markets remain strong.
Mark Ferguson, the manager of industry and policy analysis with the Saskatchewan Pork Development Board says, while everybody's cost of production is a little different, profitability is currently running somewhere between $70 and $90 a hog and for the entire year we'll probably be looking at a profit of over $50 a hog.