Brad Rippey, USDA meteorologist, says Hurricane Florence could do the kind of damage to the mid-Atlantic region that Harvey did to east Texas in 2017. The majority of North Carolina’s hog farms are in the storm path.
If you think it can’t happen to you, think again. Joey Carter is a family farmer. He had hoped to leave his hog operation in Duplin County, N.C., to his sons, but that was before the Smithfield lawsuits.
The National Pork Board and the National Pork Producers Council, along with other pork industry groups, urge pig farmers to ask questions of feed suppliers to help keep African Swine Fever out of the U.S.
Cash-traded weaner pig volume was above average last week with 50,223 head being reported. This is 157% of the 52-week average. The low to high range was $14.00 - $28.00. Formula-priced weaners were also up, at $35.25.
At the U.S. Soy Global Trade Exchange Conference this week, Ken Isley, administrator of USDA’s Foreign Agricultural Service asked farmers to be patient, and let trade negotiations play out to a positive outcome.
While grain farmers questioned USDA’s relief pricing, the $8/head payment was determined by USDA economic models. About 6% of the overall expenditures in the market building programs will go to the pork industry.
Looking at hog sales in February 2019 using April 2019 futures, the weaner breakeven was $40.62, up $3.16 for the week. Feed costs were down $2.02 per head while cash weaner pig prices were $1.24 higher.