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Russia market hog price is at one of the highest in its history

  • 29 Aug 10:43

Profits are in the $80 per head range and big companies are making plans for expansion. Russian pig prices are now almost double compared to those offered in markets such as Canada, the US or Brazil. Without almost any pork imports, the industry is thriving in the domestic market, prices reaching 123 rubles ($1.82)/kilogram live-weight. At this time, Russia has 1.8 million sows but the industry is expanding, big companies planning to add between 250,000-300,000 sows in the next 4 years, according to a global report issued by Genesus. "Most if not all the major Russian companies are expanding or have expansion plans. If expansion leads to exports and that. Read more...