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Hog Industry Turnaround Sooner Than Expected

by 5m Editor
26 August 2008, at 8:54am

MANITOBA - Manitoba hog producers are getting closer to and some are even past the point of profitability.

Tyler Fulton, director of risk management with Manitoba Pork Marketing, says that this may be attributed to soaring U.S. exports.

He notes these record prices are being set at a time when North American supplies are as high as they've ever been.

American exports are being driven by the decreased value of their dollar, reports Pembinavalley Online.

Mr Fullton also says it will be interesting to see how the industry acts when North American production numbers peak in October and November.

The turnaround has come much sooner than most analysts anticipated.

5m Editor