The Director of Risk Management with HAMS Marketing Services says the return to normalcy in the United States in the wake of COVID is fueling some of the highest hog prices in years. North American live hog prices, pressured by changing consumption patterns and reduced processing capacity due to COVID, have rebounded dramatically since this time one year ago, driven in part, by the reopening of the U.S. economy.
Tyler Fulton, the Director of Risk Management with HAMS Marketing Services says it's remarkable how the market has been able to recover from a huge shock to the value chain.
Clip-Tyler Fulton-HAMS Marketing Services:
Prices are exceptional right now, would be the best way to describe it. What we've got is a scenario where carcass prices in the United States are bumping up against all time highs.