Sichuan, China’s southwestern province and the country’s top pig-farming province, is removing some restrictions on hog production to stabilize supply after African swine fever has drastically reduced herds.
Germany's swine herd numbers are reaching near 20-year lows, resulting in a decline in pig feed demand. This causes challenges for the U.S. as it’s currently the top exporter of commodity soybeans to Germany.
Chicago Mercantile Exchange hog futures dropped to a five-month low on Thursday. Traders said big supplies dashed any hope from the news that China made its biggest purchase of U.S. pork in seven weeks.
The trucker shortage is a challenge and it’s affecting everyone, says Jason Wishall, owner of Wishall Transport. The American Trucking Association says the shortage could rise to more than 160,000 drivers by 2028.
Pigs can survive without air for three minutes, without water for three days and without feed for three weeks. Those figures might not be exact science, but Pipestone's Jon DeJong thinks they tell a compelling story.
Fluctuations in cash hogs, the pork cutout and the futures market have many producers wondering how long this volatility will last. Money Matters columnist Kent Bang believes it will be for some period of time.