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Heat seemed to be the focus of the markets this week. Two veteran market analysts say if this heat continues, and drought becomes an even larger concern, commodities could see a violent run-up in prices.
Cash-traded feeder pig reported volume was below average this past week, with 6,710 head reported. Cash feeder pig reported prices were $65.43, down $2.24 per head from last week.
Record-level red meat exports of $18.7 billion in 2021 had a major impact on the corn and soybean industries, according to an independent study by the Juday Group for the U.S. Meat Export Federation.
Besides the actual depopulation itself, determining how to dispose of carcasses is also a difficult decision for pork producers.
Record-breaking heat. Unprecedented flooding. Hail that proved to be devastating to corn fields in Nebraska. The extreme weather can all be attributed to a ridge of high pressure parked over the country.
A champion of the pork industry, Patrick Fleming, receives recognition for his dedication to the industry as a new scholarship fund has been established in his name.