Stock market image. (Photo courtesy of © Can Stock Photo / studioarz)

Hog Market Rally

Canadian Hog Markets have experienced a strong rally over the last two weeks.

The rally it typical for this time of the year, as hog numbers begin to dwindle in the U.S. and demand begins to pick up with warmer weather. Hog Futures have gained 5-to-10 percent in value, which has returned most contracts to their highest levels in months.

Canadian producers may have also benefited from recent news that U.S. Pork Export Sales in March showed volume increases of 15 percent compared to March of 2016.