Markets
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.
Cash-traded feeder pig reported volume was above average this past week, with 13,450 head reported. Cash feeder pig reported prices were $59.70, up $3.55 per head from last week.
Cash-traded feeder pig reported volume was above average with 14,375 head reported. Cash feeder pig reported prices were $68.80, up $1.42 per head from last week.
Cash traded feeder pig reported volume was below average with 7,180 head reported. Cash feeder pig reported prices were $70.33, up $5.21 per head from last week.
Cash traded weaner pig volume was above average this week with 61,355 head being reported which is 149 percent of the 52-week average. Cash prices were $34.05, up $1.73 from a week ago.
Cash-traded feeder pig reported volume was above average this past week, with 11,066 head reported. Cash feeder pig reported prices were $48.24, down $1.48 per head from last week.
Cash-traded weaner pig volume was above average this week with 69,840 head being reported which is 129% of the 52-week average.
Cash-traded weaner pig volume was below average this week with 46,650 head being reported which is 90% of the 52-week average.
Cash-traded weaner pig volume was below average this week with 41,830 head being reported which is 81% of the 52-week average. Cash prices were $61.48, up $3.01 from a week ago.
Cash-traded weaner pig reported volume was above average this past week, with 53,200 head reported.
The volume of pork exported by the European Union (EU) during the first ten months of 2020 exceeded the record volume of pork exported in all of 2019.
China’s pork output fell less than expected last year as it recovered from the impact of an incurable hog disease that depleted breeding stock.
It’s been an interesting start to 2021. COVID-19 cases are still surging and the political and market landscape has changed dramatically. CoBank shares their latest pork outlook.
Driven by higher estimates for pork, the China total meat import forecasts were revised up for both 2020 and 2021, according to the USDA Livestock and Poultry World Markets and Trade report.
No ractopamine has been detected in the first batch of American pork imports since the country lifted a ban on U.S. pork containing the feed additive, but Taiwanese consumers are still turning away from imported pork.
China’s newly launched live hog futures tumbled to reach limit down on their second day of trading on the Dalian Commodity Exchange on expectations that the hog herd size will increase as new farms start up.
China’s live hog futures tumbled in their debut on the Dalian Commodity Exchange, with analysts attributing the sell-off to the contract’s high listing price and expectations of increasing supplies.
In USDA’s Dec. 1 Quarterly Hogs & Pigs Report, analysts said the decline of the breeding herd stood out as one of the more important numbers, and spoke to the uncertainty of overall supplies for summer and fall 2021.
Agricultural economists shared their forecast prices for the next several quarters following the Dec. 23 announcement of the Dec. 1 Quarterly Hogs and Pigs Report in a teleconference funded by the Pork Checkoff.