Hog and pork price reporting

Weekly Hog Prices Cash hogs were steady to slightly lower mainly caused by a sharp decline on Thursday and Friday which pulled the weekly averages below previous week levels. National pm prices which were reported every day this past week recording a weekly average change of -$0.29 US per cwt. CME cash was narrowly lower ending the week 21 cents below the prior Friday’s weekly average close. Wholesale pork primals were also steady again holding at prices seen since late summer at $95.44 (5-day average) trading 36 cents above the previous 5 day average. Canadian hog markets were higher fuelled by a lower dollar/higher exchange rate for the 4th week in a row with prices ranging from $0.97 to $2.82 higher per hog CAD. After making strong gains the week prior ML Sig 4 was the least to add value ending $0.78/hog from the week prior, Hylife recorded a gain of $2.82 and Olymel prices were both higher by $2.00 (OlyW21) and $2.23 (OlyW20). In the US, Tyson hogs had a significant gain of $6.98