Canadian hog inventories reveal decline
At October 1, 2008, hog producers reported their
inventories at 12.8 million, down 1.5% from the previous
Hog inventories were down about 11% from October 1,
2007. Hog numbers began falling three years ago, as rising input costs for feed,
coupled with declining hog commodity prices, cut into the profit margins for
Structural changes, along with barn and farm closures have
taken place in the hog industry, with almost 16% of hog producers leaving the
industry since October 2007. The national breeding herd is down over 8% from
October 1, 2007.
Registrations from the Cull Breeding Swine Programme
indicate that 124,000 breeding animals have been taken out of the herd since
November 1, 2007. Under this federal program, the registered barns must remain
out of production for at least three years.
Hog exports continued their
decline from the first quarter, while slaughter decreased slightly from the
• Statistics Canada
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