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Hog prices keep falling

It has been a tough year for hog producers.  Calculations by economists at Iowa State University indicate losses are likely to average more than $20 per head marketed this year making it the worst financial year since 2009.

The low hog prices that are driving these losses are more the result of declining demand rather than too many hogs. Yes, hog slaughter in 2023 is expected to be 1.2% higher than last year, but it is lower than in 2019, 2020 and 2021.

Packer demand for hogs has been lower than a year earlier for 22 of the last 24 months. At the retail level consumer pork demand has been lower than the year before for each of the last 13 months. Export demand for pork has been down 22 of the last 23 months. 

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Feeding Faba Bean to Pigs - Dr. Eduardo Beltranena

Video: Feeding Faba Bean to Pigs - Dr. Eduardo Beltranena


In this special rerun episode of The Swine it Podcast Show Canada, Dr. Eduardo Beltranena from North Carolina State University explains how faba beans can be used in pig diets as a source of both starch and protein. He discusses environmental benefits, inclusion rates, frost-damaged beans, tannin concerns, cultivar selection, and how producers can compare faba beans against cereals and protein meals for cost-effective feeding. Listen now on all major platforms!

"Faba beans provide both starch and protein, competing directly with cereals in swine diets."

Meet the guest: Dr. Eduardo Beltranena / eduardo-beltranena-61660a1b2 is an Assistant Professor and Extension Specialist at North Carolina State University. He holds a Ph.D. in nutrition and reproduction interactions from the University of Alberta and has worked across swine production, feed industry nutrition, contract research, government research, teaching, and extension. His work focuses on swine nutrition, regional feedstuffs, and practical feed formulation. Learn more from Dr. Eduardo Beltranena on The Swine it Podcast Show Canada, available on all major platforms.