December 4, 2015 Weekly Pork Price
Nova Scotia Weekly Market Report: November 30, 2015 to December 4, 2015
Price (kg) | Change | Price (cwt) | Change | ||
Hogs | $1.4275 | -$0.0081 | $64.75 | -$0.37 | |
Sows | $1.2134 | -$0.0069 | $55.04 | -$0.31 | |
Carcass Value | $142.31 | -$0.81 |
November 27, 2015 Weekly Pork Price
Nova Scotia Weekly Market Report: November 23, 2015 to November 27, 2015
Price (kg) | Change | Price (cwt) | Change | ||
Hogs | $1.4356 | -$0.0805 | $65.12 | -$3.65 | |
Sows | $1.2203 | -$0.0684 | $55.35 | -$3.10 | |
Carcass Value | $143.12 | -$8.03 |
Hog prices hit fourth quarter doldrums
By Richard Kamchen
A slide in hog values over the past few weeks culminated in prices hitting six-year lows, but analysts say Canadian producers are somewhat protected by a weak Canadian dollar and should further benefit by a forecast bounce in American markets.
Chicago Mercantile Exchange lean hogs fell to a six-year low Monday with nearby futures reaching $51.80 per hundredweight. David Drozd, president of Ag-Chieve, says it all comes down to increased supply and reduced demand.
“Not only do we have increased supply and reduced demand on pork, but also with poultry and beef,” Drozd says. “So you’ve got all three competing for [smaller] market share.”
Brad Marceniuk, livestock economist with Saskatchewan Agriculture, says prices are following traditional trends.
“What we’ve seen in the last few weeks is a really big ramp up in slaughter hogs going to market,” Marceniuk says. “We had 2.38 million head [week ended Nov. 14], and 2.36 million the previous week.”
Also for the week ended Nov. 14, an all-time high of 506.9 million pounds of pork was produced in the United States.
“Overall we’ve had huge pork production numbers, extremely large slaughter numbers, so that’s really pushed prices lower,” Marceniuk says.
“Total red meat supplies in freezers are up 24 per cent from last year and total red meat is a record high for the month of September,” Drozd says, who explains that going back to 1915, both beef and pork were never higher in September.
Added to the dynamic is the fact that a rising American dollar makes it expensive to export pork and other commodities out of the country.
United States pork export sales are down to a two-year low, Drozd says. Jerry Klassen of GAP SA Grains & Products says the recent report from the World Health Organization linking red meat consumption to greater cancer risk didn’t help sales.
“It’s overhanging the market,” Klassen says.
Hog producers in Canada may not realize the full brunt of U.S. bearishness thanks to the weak Canadian dollar, all three analysts note.
Klassen believes markets could stay under pressure until February, at which time pork production levels are likely to decline.
“We’re seeing about a 350 million pound increase in quarterly production in the fourth quarter of 2015 over last year,” Klassen says. “But next year in about February, we’ll have worked through those supplies and production will start to taper off into the second quarter. The downside will be limited after that and you’ll see the market correct and have a bit of a bounce.”
November 20, 2015 Weekly Pork Price
Nova Scotia Weekly Market Report: November 16, 2015 to November 20, 2015
Price (kg) | Change | Price (cwt) | Change | ||
Hogs | $1.5161 | -$0.1634 | $68.77 | -$7.41 | |
Sows | $1.2887 | -$0.1389 | $58.45 | -$6.30 | |
Carcass Value | $151.14 | -$16.29 |
November 6, 2015 Weekly Pork Price
Nova Scotia Weekly Market Report: November 2, 2015 to November 6, 2015
Price (kg) | Change | Price (cwt) | Change | ||
Hogs | $1.8090 | -$0.0358 | $82.06 | -$1.62 | |
Sows | $1.5377 | -$0.0019 | $69.75 | -$1.38 | |
Carcass Value | $180.34 | -$3.57 |
October 30, 2015 Weekly Pork Price
Nova Scotia Weekly Market Report: October 26, 2015 to October 30, 2015
Price (kg) | Change | Price (cwt) | Change | ||
Hogs | $1.8449 | $0.0022 | $83.68 | $0.10 | |
Sows | $1.5682 | $0.0019 | $71.13 | $0.08 | |
Carcass Value | $183.92 | $0.22 |
October 23, 2015 Weekly Pork Price
Nova Scotia Weekly Market Report: October 19, 2015 to October 23, 2015
Price (kg) | Change | Price (cwt) | Change | ||
Hogs | $1.8449 | $0.0022 | $83.68 | $0.10 | |
Sows | $1.5682 | $0.0019 | $71.13 | $0.08 | |
Carcass Value | $183.92 | $0.22 |
Saltcapes Harvest Greets the Holidays Expo
As Nova Scotia’s largest consumer event producer with a strong “buy local” mandate, Saltscapes Expo, in partnership with Taste of Nova Scotia, Select Nova Scotia and Masstown Market, are delighted to announce a NEW fall 2015 event for your immediate consideration.
Saltscapes Harvest & Holiday EXPO will take place in Masstown, NS on November 14 & 15, 2015. The land holdings of the Jennings family at Masstown, Nova Scotia have been selected as the event site as it was critical to identify a destination retail venue in a well known rural location with easy to access from cities and towns across the Maritimes.
An affordable exhibitor package has been created for YOU in a carefully crafted outdoor (heated tents) and indoor pavilion covering more than 6 acres, with free parking accommodation for 800 cars.
The design of this ultimate fall event will inspire Maritime families to embrace an all-local and Nova Scotian holiday and winter season; offering staycation ideas, consumer friendly demos and workshops, a uniquely local retail marketplace and unduplicated food and beverage sampling.
We are also creating a large social media consumer contest focused on “eating local all winter long” with the winner receiving an ultimate, all-expense-paid Halifax weekend for two at Saltscapes Halifax Expo 2016.
October 16, 2015 Weekly Pork Price
Nova Scotia Weekly Market Report: October 12, 2015 to October 16, 2015
Price (kg) | Change | Price (cwt) | Change | ||
Hogs | $1.8427 | $0.0058 | $83.58 | $0.26 | |
Sows | $1.5663 | $0.0049 | $71.05 | $0.22 | |
Carcass Value | $183.70 | $0.58 |