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Manitoba and Alberta pork producers are facing their worst market downturn in about a decade, with hog prices down sharply since spring. Producers blame U.S. tariffs, a plentiful U.S. hog supply, packer bidding behaviour, and uncertainty over NAFTA talks.
Lower Canadian hog prices and producer exits reduce Canadian hog and feed demand over time, while trade uncertainty keeps hog price volatility elevated.
manitobacooperator.caRon FriesenSep 24, 2018After 123 past bearish trade events, Lean Hogs moved a median -0.4% over 5 sessions (43% higher; middle half -2.9% to +2.0%), and -0.2% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
