There are approximately 87,000 hogs offered for sale week beginning April 10. This dramatic reduction impedes our ability to fulfill our obligations and to take advantage of other markets. View a summary of the week's statistics. This is as result of changes in the U.S. National Cost prices. The slaughter level in the U.S. is estimated at 1,824,000 head for the week, down 47,000 from last week.
Processors continue to experience negative margins in Canada.
There were some reductions in slaughter for this week as result. The increase in hog costs continues to outpace the change in wholesale value of the cuts. The Canadian dollar was basically unchanged this week in relation to the U.S. dollar. The Futures markets as of April 7 were marginally lower. The near term and long term contracts experienced similar change.