Market News
Cash-traded feeder pig reported volume was above average this past week, with 18,775 head reported. Cash feeder pig reported prices were $76.17, down $2.85 per head from last week.
Cash-traded weaner pig reported volume was above average this past week, with 83,506 head reported. Cash weaner pig reported prices were $41.25, down $0.29 per head from last week.
Pork export value in March was the highest in three years and the fifth highest on record. Beef exports in March highest in 2024.
Cash-traded feeder pig reported volume was below average this past week, with 8,375 head reported. Cash feeder pig reported prices were $79.30, down $15.88 per head from last week.
Cash-traded weaner pig reported volume was below average this past week, with 51,210 head reported. Cash weaner pig reported prices were $41.92, down $3.46 per head from last week.
Cash-traded feeder pig reported volume was above average this past week, with 17,330 head reported. Cash feeder pig reported prices were $103.01, up $5.63 per head from last week.
Cash-traded feeder pig reported volume was below average this past week, with 8,885 head reported. Cash feeder pig reported prices were $97.38, down $0.76 per head from last week.
Cash-traded weaner pig reported volume was above average this past week, with 71,525 head reported. Cash feeder pig reported prices were $48.41, down $1.39 per head from last week.
Cash-traded weaner pig reported volume was above average this past week, with 75,519 head reported. Cash weaner pig reported prices were $56.50, up $0.88 per head from last week.
Cash-traded feeder pig reported volume was above average this past week, with 14,133 head reported. Cash feeder pig reported prices were $78.23, up $3.92 per head from last week.
Cash-traded weaner pig reported volume was below average this past week, with 58,053 head reported. Cash weaner pig reported prices were $52.73, up $3.50 per head from last week.
Cash-traded feeder pig reported volume was above average this past week, with 15,675 head reported. Cash feeder pig reported prices were $67.47, up $10.15 per head from last week.
Cash-traded feeder pig reported volume was below average this past week, with 4,470 head reported. Cash feeder pig reported prices were $47.85, down $0.61 per head from last week.
The revised 2024 forecast of pork shipments by U.S. and the European Union (EU), the world’s top two exporters, are nearly on par for the first time since 2015.
Cash-traded feeder pig reported volume was above average this past week, with 16,260 head reported. Cash feeder pig reported prices were $49.56, up $4.88 per head from last week.
Cash-traded weaner pig reported volume was above average this past week, with 79,986 head reported. Cash weaner pig reported prices were $32.06, down $2.88 per head from last week.
U.S. beef, pork and lamb producers are working on expanding red meat exports in Latin America based on the success they’ve had in Mexico and Columbia after signing trade agreements.
A year after the pandemic disrupted the hog industry and left producers facing financial ruin, operators are now experiencing a once-in-a-lifetime rally as farrow-to-finish margins climbed another $7 per head last week.
The Sterling Beef Profit Tracker reports average cattle feeding closeouts were in the black last week, but with little room to spare.
Pork producer margins dropped $15 per head last week due to a $7.59 per cwt. decline in lean carcass prices.
After a one-week reprieve, cattle feeding margins are back in the red. Pork producers saw a $7 per head improvement, but remain below breakeven.
A seven-week rally in negotiated cash fed cattle prices has finally lifted average cattle feeding margins to profitability. Pork producer margins remain underwater.
Cattle feeding losses were estimated at $194 per head the week ending July 11, a $60 per head improvement over the previous week, according to the Sterling Beef Profit Tracker.
Beef packers are paying top dollar to get animals bought, with fed cattle prices up 12% in the last three weeks. Hog producers, on the other hand, have watched prices drop and unhedged production is deep in the red.
China’s hog herd recovery in 2021 will be bolstered by larger sow inventories and high pork prices. However, animal disease outbreaks will moderate pork production, the USDA attache says.
Cash-traded weaner pig reported volume was above average this past week, with 34,356 head reported. Cash weaner pig reported prices were $38.25, down $1.50 per head from last week.
Cash-traded feeder pig reported volume was below average this past week, with 8,029 head reported. Cash feeder pig reported prices were $72.85, up $2.63 per head from last week.
Cash-traded feeder pig reported volume was above average this past week, with 13,790 head reported. Cash feeder pig reported prices were $70.22, down $5.10 per head from last week.
Cash-traded weaner pig reported volume was above average this past week, with 40,343 head reported. Cash weaner pig reported prices were $45.96, up $2.23 per head from last week.