Forward hog contract prices opened the week mixed.

Tyler Fulton is the Director of Risk Management with Hams Marketing Services.

"They are maintaining a very volatile trend...We're seeing a lot of political influence from the recent meetings with the President of the United States and the President of China...and then in addition to that the signing of the USMCA as well as the maintenance of the steel and aluminum tariffs along with the retaliatory tariffs [from Mexico]."

Fulton says U.S. cash markets traded in a steady trend last week with both negotiated and formula-based hog prices holding firm.

He adds U.S. lean hog futures initially reacted positively to the news as it appears that China has already started to purchase U.S. pork in volumes not seen since before the trade war started in March.

China and the U.S. agreed to ‘pause’ their trade war with Trump committing to hold tariffs on Chinese products at 10% for the next 90 days while China’s President Xi agreed to immediately start buying a substantial amount of US products to alleviate the trade imbalance.


Send your news tips, story ideas and comments to [email protected]

More Ag News

Canadian Animal Transportation Regulations Updated

On Wednesday, the Canadian Food Inspection Agency (CFIA) published amendments to the Health of Animals Regulations on animal transportation. The overall objective is that animals arrive at their…

Considerations When Shopping For Your Next Bull

Beef producers are looking for their new herd sires this time of year. Beef Cattle Research Council (BCRC) Research and Innovation Coordinator, Stacey Domolewski, says there's no one type of bull…

Corteva Agriscience Acquires Clearfield Canola In Canada And U.S.

Corteva Agriscience, Agriculture Division of DowDuPont, announced that it has acquired the Clearfield Canola Production System in Canada and the United States from BASF. Clearfield canola is a…

Canadian Government Invests In Animal Welfare

On Tuesday, Agriculture and Agri-Food Minister Lawrence MacAulay announced an investment of up to $4.56 million to the Canadian Animal Health Coalition. The investment was made on behalf of the…

Reframing The Conversation Around Antibiotics

Farmers need to reframe the conversation on the use of antibiotics in animal agriculture. That from Dr. Leah Dorman with Phibro Animal Health. "I think it's important because there is a lot of…

Fourth Generation Rancher Runs For NDP In Livingstone-Macleod

The NDP has their candidate for the Livingstone-Macleod Riding, and it's not the usual candidate they normally run here. M.D. of Ranchland Reeve Cam Gardner has tossed his hat into the ring for the…

Improving Sprayer Efficiency

Farmers are spending 33 per cent of their time in the sprayer idling, 22 per cent in transport and only about 45 per cent of their time actually spraying. That from Tom Wolf from Agrimetrix Research…

Nutrien Ag Solutions Wins 4R Nutrient Stewardship Award

Nutrien Ag Solutions was recognized last week with the fifth annual 4-R Nutrient Stewardship Agri-Retailer Award. The award is given out each year during the Canadian Association of Agri-Retailers… is High River's only source for community news and information such as weather and classifieds.

Search the Biz Guide