Forward hog contract prices on the upswing

Jul 20, 2022

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."

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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.