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Pork Commentary: Canada-USA Inventories Crash

by 5m Editor
20 February 2009, at 8:41am

CANADA - Supplemental (North American Pork) Commentary from Jim Long for this week.

Canada-USA Combined
(thousand head)
Last Year This Year Difference
USA under 60 lbs 22,545 21,297 -1,248
CANADA under 20 kg (44 lbs) 4,471 3,713 -758
Combined USA-CANADA 27,016 25,010 -2,006

Statistics Canada just released its 1 January Swine Inventory Report. When we combine December USDA Hogs and Pigs Report under 60 lbs with Canada’s under 20 kg (44 lbs) the results are extraordinary.

Two million less small pigs compared to a year ago, or about 10 weeks of production.

That’s, give or take, 200,000 less hogs per week going to market year on year. Is there any wonder so many finishers are empty?

Gentlemen, start your engines. Come about mid April to about 1 May an extraordinary decrease in year over year marketings is going to happen. 90¢ lean hogs are coming around the track. Buckle up!