Global hog prices continued to increase

Since the 21st of February, the hog price has continued to increase to reach its highest level on the 6th of October at 2.054 € per kg carcass. Over this period of almost 8 months, the increase was 0.773 € per kg, about 73 € per pig. Obviously, such an increase was necessary when the feed prices exceeded 400 € per ton this last summer. Today, since the 10th of October we see hog prices decreasing for the first time since February and it is the case at each market (in France there are two market cotation per week, on Monday and on Thursday). Last week the price dropped by 6.1 cts to reach 1.914 €. This week due to the holidays of November 1st and November 11th next week, the cooperatives in charge to market finisher pigs to slaughterhouses cannot resist because the objective is to preserve maximum fluidity in the output of the livestock. Usually, the activity of the week before the 1st November 1st is quite high, however, the past week’s slaughterings were only 373,060 pigs, a ...