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How COVID affected the Canadian hog market in 2020


Average hog prices in Alberta were down 9% from 2019.


The Alberta Index 100 hog price averaged $1.44 per kg (without grade premiums) in 2020, down 9% from 2019 and 6.7% below the 5-year average. For 2020, Canadian hog slaughter was 21.7 million head, up 4.2% over 2019. Alberta hogs for slaughter was up 8.5% year-over-year at 2.38 million head in 2020.


During 2020, COVID-19 significantly disrupted hog markets. The temporary shutdown of several hog processing plants reduced weekly processing volumes and delayed the marketing window of hogs in several locations across North America. This led to weakened hog prices and producer margins. Due to the COVID-19 pandemic, there are currently 10 pork Canadian exporters that have their export certificates temporarily suspended by China.


February 1, 2021/ Government of Alberta/ Canada.

https://www.alberta.ca/


Source : pig333.com

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