Forward hog contract prices on the upswing

Forward hog contract prices are on the upswing.

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

"They're actually about as good as they've been in the last month and a half," he said. "Forward contracts have appreciated by about 15 per cent over the course of that month and a half. Probably, I would say, depending on the time frame, on average, profitable, even with high commodity prices right now."

He notes cash prices for hogs are all over the board.

"For some of those cuts, we're looking at highs over the last 15 years. Demand looks really solid for some of that fresh pork out there, in spite of the fact that there's some questions on the export side."