Alberta, Canada hog market update

“Alberta hog prices were higher in 2022 than in 2021, but year-to-date, average hog prices are lower than the average price for the same period in 2022,” according to government livestock analyst Ann Boyda. “Year-to-date (January to March 10, 2023) average hog price was $1.81/kg, 6% lower than the average price for the same period in 2022. The average price in 2022 was $2.27/kg, which was 10.7% higher than the average price for 2021 and 28.7% higher than the 5-year average.” According to Statistics Canada, as of January 1, 2023, the total hog inventory for Alberta was 1.53 million head, down 2.5% compared to January 2022. The breeding stock inventory decreased by 3% to 134,800 head over the same period. Year-to-date slaughter volume for Western Canada was 1,644,938 head for the week ending March 4, up 6.2% from the same period last year. Nationally, slaughter volume year-to-date was 3,736,084 head, down 0.1% from the same period last year. Alberta federal and provincial slaughter ...