Ontario Hog Production Increase Ahead Of National NumbersMarch 21, 2017 6:02am
Canadian hog production and slaughter is right on pace with last year but Ontario producers seem to be pushing ahead of the curve.
Agriculture and Agri-food Canada reports Ontario slaughter is now 50,000 head, or about 5 per cent more than at this time last year.
Canadian slaughter so far is only a half per cent higher than in 2016, as is total pork production.
AAFC notes prices across the country at the midpoint of March were up between 6 and 10 points from a year ago.
Ontario prices are up by 9 per cent, the equivalent of 17 dollars per hundred kilograms dressed weight.
Scott Brown of the University of Missouri says U.S. cash hogs and pork cut-outs have both been steady over the last week.
He points out a new Consumer Sentiment report looks positive for producers as there’s continued strength in demand.