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Foodservice spending at restaurants and bars totaled a record $67 billion last month. That’s up more than $1 billion from February despite analysts saying the issue of finding restaurant staff is holding back sales.
As the pork industry continues to get a grasp on the total impacts the COVID-19 pandemic had on hog production across the U-S, one analyst says Thursday’s Hogs and Pigs Report could reveal even more details.
The pork cutout value hit a new record loss, dropping almost $13 on Tuesday. The primal belly was down more than $59, and primal rib dropping more than $16. Pork futures also dropped again on Wednesday.
USDA’s June Hogs and Pigs Report showed total inventory was down 2% from June 2020 but up 1% from the March report. One analyst says the big takeaways are the the pig crop and pigs per litter numbers.
United Animal Health from the 2021 World Pork Expo
When your 91-year-old mother says a storm is coming and it’s coming fast, you better listen, says David Martin, an Iowa farmer. He shares the unforgettable story of how trees saved his pigs during the derecho winds.
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