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Wednesday, October 23, 2002 Hog inventoriesThird quarter 2002Growth in hog inventories continued to slow in the third quarter. Declines in hog prices and the increased cost of feed contributed to the slowdown. As well, a two-year moratorium on hog barn construction in Quebec, the leading producer in Canada, limited the expansion. Hog producers reported 14.7 million head on farms on October 1, up 2.3% from October 1, 2001. Growth was 6.0% in October 2001 and 5.4% in October 2000. Average growth over the past five years has been 5.0%. The US hog and pork markets affect the Canadian hog industry. The sharp decline in the American price since the start of 2002 triggered a drop in the slaughter price on the Canadian market. Falling prices in the United States reflect a slowdown in the disposition of pork supplies and a higher slaughter volume. Canadian average hog prices in the third quarter were about 28% lower than in the third quarter of 2001. In Canada, the number of hogs slaughtered in the third quarter was 5.5 million, up 7.8% from the third quarter of 2001. During the first nine months of 2002, the national slaughter reached a record 16.3 million hogs, up 6.6% from the same period of 2001. Exports of live hogs to the United States rose 5.3% from the third quarter of 2001. In 2001, exports soared 23% from 2000. Farrowings (number of sows that gave birth during the period) rose 3.5% in the third quarter from the third quarter of 2001. Nevertheless, this was much weaker than the growth from the third quarter of 2000 to the third quarter of 2001 (+9.6%). The smaller third quarter increase in farrowings along with lower intentions for the fourth quarter (2.4%) indicate that the growth slowdown will continue. Available on CANSIM: table 003-0004. The third quarter 2002 issue of Livestock statistics (23-603-XIE, $34/$112) will be available in November. For more information, or to enquire about the concepts, methods or data quality of this release, call the Agriculture Division information line (1-800-465-1991) or contact Robert Plourde (613-951-8716; robert.plourde@statcan.gc.ca), Agriculture Division.
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