38 The Business of Canadian Hog Farming Better Pork | October 2024 months, but fundamentals are not supportive for hog futures as we look ahead to the latter part of the year. Meat demand is also very sensitive to the health of the economy. With U.S. presidential elections this year and U.S. Fed rate cut decisions to look forward to, we could see further volatility in livestock futures. U.S. pork exports during summer did ease off from its strong pace earlier in the year. For the “wild card” market, China, some market analysts were calling for focus on value and service rather than just volumes due to heightened competitions and changing consumer tastes. As for domestic demand, 2024 U.S. per capita availability of pork is projected to be 50.87 pounds versus 2025 at 50.4, and this compares to 50.2 in 2023. A continued drop in feed costs could come at a time when hog values seasonally are dropping as we go into the winter months, which is when supplies are more compared to the summer months. BP Moe’s Market Minute FOR SALE 600 sow Farrow to Finish hog farm with feed mill near Eatonia, Saskatchewan. Price $2,750,000 plus stock. For viewing contact: David Resch 306-967-2308 or email chesterfield@sasktel.net MOE AGOSTINO & ABHINESH GOPAL Maurizio (“Moe”) is chief commodity strategist with Farms.com Risk Management and Abhinesh is head of commodity research.
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