Pork Business
Since the introduction of specialty eggs, John Phipps says the market has defied supply and demand axioms, comprising of 30% of the egg market. With prices six times higher, it’s proof shoppers will pay for preference.
USDA Secretary Vilsack is expected to announce $500 million in new funds to expand meat processing capacity during a trip Friday to Council Bluffs, Iowa, according to Jim Wiesemeyer.
UN’s Food and Agriculture Organization (FAO) says after a year of climbing global food costs, the global food price index saw a decline, yet prices are still up nearly 34% from a year ago.
President Biden is tackling anti-competitive issues in the U.S. with a new Executive Order. Signed Friday at the White House, the order could have a sweeping impact on agriculture.
Large numbers of pigs are dying from ASF in China’s top hog-producing province, say farmers and analysts, raising concerns it could spread further across the south and slow China’s pork production recovery.
On the heels of President Joe Biden signing an Executive Order to increase competition in the U.S., USDA says the President’s plan will also level the playing field for family farmers and ranchers.
Pork export value exceeded $800 million for the first time in May, while beef exports recorded the third consecutive month of value record highs, driven in part by record-large exports to South Korea.
USDA Sec. Tom Vilsack is scheduled to travel to Nebraska Friday for what the agency is calling a “major announcement.” It could include details of the Biden Administration’s plan to create more competition within ag.
John Phipps acknowledges the challenges in transition planning from one generation to the next. This week, he shares insights on why no transition will be successful if there is no trust nor respect between generations.
U.S. farmers’ optimism about current and future conditions are seeing a sharp decline to start the summer, as a monthly gauge of producer sentiments hit the lowest reading since July 2020.
Propane prices are already twice the levels posted a year ago, and as supply concerns rise, propane prices could trend even higher heading into the fall and winter months.
Smithfield’s chief administrative officer says the company denied liability in agreeing to settle, and believes its conduct was always lawful.
After more than a decade of legislative proposals, the Biden Administration is preparing plans to allow equipment owners to have the right to repair their own equipment. AEM and John Deere responded to the planned order.
An expected executive order by the Biden Administration could have sweeping impacts on agriculture, and includes allowing USDA to create new rules to increase competition in the meat industry and protect producers.
The American Farm Bureau says average cost for 10 people is less than $6 per person.
The Biden administration has until the end of August to file an appeal on the ruling enforcing the slower speeds.
Smithfield Foods said on Wednesday it will pay $83 million to settle litigation that accused several companies of conspiring to limit supply in the U.S. pork market to inflate prices and their own profits.
Is Petition 13 out of Oregon as ridiculous as it sounds? Hannah Thompson-Weeman, vice president for strategic engagement at the Animal Agriculture Alliance, weighs in on Petition 13, the PAUSE Act and Prop 12.
What happens when wild pigs are given 1,000 tons of groceries per day in the form of landfill trash? Expect a ticking time bomb, and quite possibly, a $50 billion blow to the entire U.S. pork industry.
An average family of four loses nearly $1,500 to uneaten food each year, according to USDA research. Wasted food is wasted money.
Prices for popular fresh pork items recently hit record levels. The National Pork Board says low inventory, sky-high foodservice demand and labor issues are fueling prices for grill-ready items this summer.
A plan to help farmers and ranchers reduce greenhouse gas emissions, while gaining more clarity on carbon markets, is moving through Congress. The Senate approved the “Growing Climate Solutions Act,” with a 92-8 vote.
Foodservice spending at restaurants and bars totaled a record $67 billion last month. That’s up more than $1 billion from February despite analysts saying the issue of finding restaurant staff is holding back sales.
As the pork industry continues to get a grasp on the total impacts the COVID-19 pandemic had on hog production across the U-S, one analyst says Thursday’s Hogs and Pigs Report could reveal even more details.
The pork cutout value hit a new record loss, dropping almost $13 on Tuesday. The primal belly was down more than $59, and primal rib dropping more than $16. Pork futures also dropped again on Wednesday.
USDA’s June Hogs and Pigs Report showed total inventory was down 2% from June 2020 but up 1% from the March report. One analyst says the big takeaways are the the pig crop and pigs per litter numbers.
United Animal Health from the 2021 World Pork Expo
When your 91-year-old mother says a storm is coming and it’s coming fast, you better listen, says David Martin, an Iowa farmer. He shares the unforgettable story of how trees saved his pigs during the derecho winds.
U.S. beef and pork exports set new value records in May, according to the latest data released by USDA. USMEF president and CEO Dan Halstrom discusses the data in this report.
Cash-traded weaner pig volume was above average this week with 55,737 head being reported which is 117% of the 52-week average.