Lean hog futures have rallied to within a couple dollars of contract highs in nearby December and during the last week have flirted with NEW contract highs in many 2025 contracts. In addition to recording strong US lean hog future prices, at the same time the Canadian dollar has chosen to take a nose dive to the low $0.7200’s which has a huge and immediate impact on Canadian cash hog prices and forward contract values. In today’s pricing atmosphere a 1 cent move in the Canadain dollar has roughly a $2.50 CAD per hog change to local market hog prices. The recent 2 cent slip in the Loonie has added $5.00 CAD per hog, somewhat a bonus for Canadian hog producers.
Current values offer great coverage for those seeking protection or risk mitigation for the last quarter of 2024 and much of 2025.
