The eagerly awaited hog price calculator, developed by Alberta Pork with technical support and funding from the Canadian Pork Council (CPC), is now freely accessible through our Economics web section. Plug in your information and find out if your current contract is providing you the best returns possible.
In March 2020, Alberta Pork introduced the concept of a pricing calculator for producers in attendance at our semi-annual meetings across the province, with much encouragement expressed for the initiative. Not long after, work was undertaken to develop the tool, now hosted on the CPC’s website.
“More than ever, Canadian pig producers are looking for increased transparency so that they can be better informed as to how their prices are formulated,” said Darcy Fitzgerald, Executive Director, Alberta Pork. “With greater transparency on the pricing side, producers can effectively manage their businesses, which is a crucial step toward ensuring the continued financial viability of the entire Canadian pork sector.”
The calculator uses pricing formula data compiled in-house by Alberta Pork, based on U.S. Department of Agriculture (USDA) mandatory reporting, which is also the basis for Canadian prices.
“Producers can enter their own information, which then creates a hypothetical comparison between contracts for most western Canadian packers and formulas used in Ontario and Quebec,” said Bijon Brown, Production Economist, Alberta Pork. “This information has been provided in our Economics web section to support producer success by providing the necessary tools for effective financial decision-making.”
In addition to the new pricing calculator, our Economics web section also includes pork market and hog supply reports, contract pricing breakdowns, information on our cost of production study and the latest economic research.
For more information on the pricing calculator and other economics inquiries, please contact Bijon Brown, Production Economist, Alberta Pork by email at firstname.lastname@example.org or by phone at 780-440-8460, toll-free at 1-877-247-PORK (7675).
If you have any other questions or concerns, please contact Darcy Fitzgerald, Executive Director, Alberta Pork by email at email@example.com or by phone at 780-491-3529, toll-free at 1-877-247-PORK (7675).