Sarnia

USDA Hog Inventory Numbers Push Hog Prices Lower

University of Missouri's Ron Plain says the latest USDA hog inventory survey found more hogs than expected.

Plain says that helped drive last week's U-S hog prices lower.

He reports Friday morning's national negotiated barrow and gilt price was just under 77 dollars a hundredweight - down over 3 dollars from the week before but up almost 5 dollars from a year ago.

Last week's U-S hog slaughter of 2 point 115 million head was up less than a per cent from the week before and almost 14 per cent higher than a year ago.

However, Plain points out the Independence Day holiday was in that week last year.

Canadian federal hog slaughter to June 25th is almost 2 per cent higher than it was a year ago.

Agriculture and AgriFood Canada reports Ontario's weekly price for that week was almost 12 per cent higher than a year ago.

And government figures put live hog exports to the U-S so far this year up 6 point 4 per cent.

That includes a 7 per cent drop in barrow, gilt and sow exports and an almost 10 per cent increase in feeder pig shipments.

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