Forward Hog Contract Prices Improving

Jan 01, 2021

Forward hog contract prices are looking better than they once were.

Tyler Fulton is Director of Risk Management with Hams Marketing Services.

"Forward contract prices are probably up at the higher end of their range," he said. "We're actually seeing a little bit of support in lean hog futures and that's showing up in what producers here in Canada can price their hogs for. When you look out into the summer months, we've got several weeks that are being offered for more than $200 per pig. By any measure that's a really good price."

Fulton notes U.S. cash prices are struggling a little bit more.

"We've got abundant supplies and so it's pressuring the prices the packers are paying," he commented.

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Video: Evolution of Beef Cattle Farming

The Clear Conversations podcast took to the road for a special episode recorded in Nashville during CattleCon, bringing listeners straight into the heart of the cattle industry. Host Tracy Sellers welcomed rancher Steve Wooten of Beatty Canyon Ranch in Colorado for a wide-ranging discussion that blended family history and sustainability, particularly as it relates to the future of beef production.

Sustainability emerged as a central theme of the conversation, a word that Wooten acknowledges can mean very different things depending on who you ask. For him, sustainability starts with the soil. Healthy soil produces healthy grass, which supports efficient cattle capable of producing year after year with minimal external inputs. It’s an approach that equally considers vegetation, animal efficiency, and long-term profitability.

That philosophy aligned naturally with Wooten’s involvement in the U.S. Roundtable for Sustainable Beef, where he served as a representative for the Colorado Cattlemen’s Association. The roundtable brings together the entire beef supply chain—from producers to retailers—along with universities, NGOs, and allied industries. Its goal is not regulation, Wooten emphasized, but collaboration, shared learning, and continuous improvement.