Weekly hog margins
Falling hog values continue to pressure margins, dragging hog margins to 11-week lows. Feed added further weakness to margins, with farrow to finish feed costs up near $1/hog in Canada and near $0.70/hog higher in monitored US regions. Monitored Canadian hog margins weakened $2.75/hog to shy of $4.50/hog. Margins based off regional pricing declined the most, while prairie pricing based off the 201-report declined on the lower end of the overall range. In the US, Tyson hog margins were $1.50/hog lower while JM hog margins fell $4/hog.