Producers are losing more than $40 per pig despite an increase in supermarket prices due to rising costs and shrinking price share.
Canadian pork giant affected
Canada is also a much smaller factor in the market than some of the competition, but due to the quality of pork is able to be a player in some Asian markets. “The hog price is going to go down through the winter here — typically our lows are in December — and we’re just not seeing the price relief right now,” said Casey Smit, vice-president of swine production.
“Some of these are third, fourth generation farms, they’re just saying, ‘You know what, we can’t do this anymore,'” he said.Article contentRay Price, president and CEO of Sunterra Group, said market prices have improved the past couple of weeks for pigs, but “it has been a tough 12, 14, 16 months.”
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