Markets
Cash-traded feeder pig reported volume was below average this past week, with 4,840 head reported. Cash feeder pig reported prices were $80.81, down $12.32 per head from last week.
Cash-traded weaner pig reported volume was below average this past week, with 40,250 head reported. Cash weaner pig reported prices were $50.56, down $0.38 per head from last week.
Cash-traded feeder pig reported volume was below average this past week, with 7,245 head reported. Cash feeder pig reported prices were $99.70, down $1.61 per head from last week.
Despite COVID-19-related challenges, U.S. pork exports to Central America set a new record in 2020 and are off to a terrific start this year.
Cash-traded weaner pig reported volume was below average this past week, with 40,200 head reported. Cash weaner pig reported prices were $53.33, down $0.29 per head from last week.
Cash-traded feeder pig reported volume was above average this past week, with 8,230 head reported. Cash feeder pig reported prices were $98.72, down $2.24 per head from last week.
Cash-traded weaner pig reported volume was below average this past week, with 30,775 head reported. Cash weaner pig reported prices were $52.81, down $2.10 per head from last week.
Lean hog futures finished slightly higher Tuesday. The strengthening U.S. dollar may be a factor, but there are also other fundamentals playing into the market.
For the week of March 26, cash-traded feeder pig reported volume was below average with 4,500 head reported. Cash feeder pig reported prices were $97.44, up $12.91 per head from last week.
For the week of March 19, cash-traded weaner pig volume was below average this week with 32,650 head being reported which is 65% of the 52-week average. Cash prices were $53.56, down $3.02 from a week ago.
China booked its largest purchase of U.S. corn since January, the U.S. Department of Agriculture said on Tuesday.
For the week of March 12, cash-traded feeder pig reported volume was above average with 7,835 head reported. Cash feeder pig reported prices were $90.38, up $0.17 per head from last week.
For the week of March 5, Cash-traded weaner pig volume was below average this week with 31,542 head being reported which is 62% of the 52-week average.
For the week of February 26, cash-traded feeder pig reported volume was below average with 4,200 head reported. Cash feeder pig reported prices were $87.43, up $6.38 per head from last week.
For the week of February 19, cash-traded feeder pig reported volume was below average with 5,525 head reported. Cash feeder pig reported prices were $81.05, up $3.27 per head from last week.
During USDA’s 97th Agricultural Outlook Forum, USDA chief economist Seth Meyer provided insight into what the livestock and poultry sectors can expect in 2021.
For the week of February 12, cash-traded weaner pig volume was below average this week with 23,125 head being reported which is 45% of the 52-week average.
Cash-traded weaner pig volume was below average this week.
Looking at hog sales in September 2019 using October 2019 futures the weaner breakeven was $64.79, up $17.47 for the week.
Looking at hog sales in October 2019 using October 2019 futures the weaner breakeven was $99.70, up $12.61 for the week.
Looking at hog sales in November 2019 using December 2019 futures the weaner breakeven was $93.71, down $9.73 for the week.
Cash traded weaner pig volume was above average this week with 40,500 head being reported which is 103 percent of the 52-week average. Feeder pig reported volume was below average for the week, with 7,705 head reported.
For the week of February 5, cash-traded feeder pig reported volume was above average with 8,305 head reported. Cash feeder pig reported prices were $74.76, up $7.00 per head from last week.
Looking at hog sales in November 2019 using December 2019 futures, the weaner breakeven was $83.27, down $2.03 for the week.
Looking at hog sales in December 2019 using December 2019 futures the weaner breakeven was $58.60, up $0.76 for the week.
The estimated weaner pig profit opportunity is calculated by comparing the weaner pig cash price to the weaner breakeven. The profit potential decreased $6.54 this week to a projected gain of $13.87 per head
Cash traded weaner pig volume was above average this week. Cash prices were $32.64, down $3.91 from a week ago.
Cash traded weaner pig volume was above average this week, as cash prices were $31.92, down $0.72 from a week ago.
The profit potential decreased $3.77 this week to a projected gain of $8.86 per head.
Cash-traded feeder pig reported volume was above average with 7,670 head reported. Cash feeder pig reported prices were $56.15, up $0.32 per head from last week.