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Farmers and ranchers have had to endure high winds for months. The powerful gusts haven’t just been annoying; it’s caused disasters across the U.S. High winds have been the culprit of wildfires and more.
2021 was a phenomenal year for pork producers, CoBank’s Brian Earnest says. Live hog value as a percent of retail pork value was nearly 35% at one point. This year appears set to return similar, if not better, results.
USDA’s 2022 food price inflation forecasts are already at a 14-year high with forecasts for consumer food price inflation increased again this month. All food prices now seen rising 5% to 6% vs 4.5% to 5.5% in March.
Higher prices at the grocery store don’t seem to be causing consumers to veer away from the meat counter. Robust meat demand abroad is also setting sail, despite inflation and shipping struggles.
Recognized as one of the greatest opportunities of U.S. red meat exports, trade talks gear up to address the Indo-Pacific Economic Framework. USMEF shares its comments on the pillar of resilient trade.
Cash-traded feeder pig reported volume was above average this past week, with 18,665 head reported. Cash feeder pig reported prices were $102.57, down $2.44 per head from last week.