Pork consumption continues to disappoint

Apr 24, 2023

Despite some reprieve in feed costs, pork producers are currently losing $28 per head on open market hogs. Based on anticipated producer response to weaker returns and the farrowing intentions detailed in the latest USDA Hogs and Pigs report, RaboResearch analysts expect tighter hog supplies beginning late fourth quarter, into early 2024.

According to Rabobank's April North American Agribusiness Review, prices have dropped 20% from 2022 levels, with average weekly slaughter running above 2.4 million through March and year-to-date slaughter up 1.4% year-over-year.

"As the industry moves through the near-term bulge in heavy weight hog supplies indicated in the latest Hogs and Pigs report, we expect Q2 2023 slaughter levels to drop below year-ago, and prices to firm."

Click here to see more...

Video: Trade Uncertainty and Pork Growth - Cam Dahl

In this episode of The Swine it Podcast Show Canada, Cam Dahl, General Manager of Manitoba Pork Council, discusses how trade uncertainty affects growth across Canadian pork production. He explains why CUSMA, market diversification, non-tariff barriers, access to capital, labor needs, and producer advocacy all matter as the industry plans for investment, exports, and long-term competitiveness. Listen now on all major platforms!

"Trade uncertainty makes access to capital difficult when producers and processors are ready to invest and grow."

Meet the guest: Cam Dahl / cam-dahl-58115832 is the General Manager of Manitoba Pork Council. He has extensive leadership experience across Canadian agriculture, including Cereals Canada, the Canada Grains Council, Manitoba Beef Producers, and the Canadian Grain Commission. His work focuses on policy, advocacy, trade, business development, and strengthening market opportunities for Canadian producers. Learn more from Cam Dahl on The Swine it Podcast Show Canada, available on all major platforms.