100-Dollar-Ideas
But the index improved slightly from the previous month.
Beef stocks topped expectations.
But much more precip needed to alleviate long-term dryness.
But pigs per litter seen above year-ago.
United States inventory of all hogs and pigs on December 1, 2012 was 66.3 million head.
Through August 2012 domestic pork demand was down 1.3%, export demand was up 3.3%, and live hog demand was down 0.2%.
The National Pork Producers respond to a Consumers Union “Study” finding bacteria in pork.
But index remains above important 100-point level.
Both beef and pork exports in the third quarter remain ahead of last year’s record-setting pace.
Canada has discontinued its October hog report.
But beef and pork exports in terms of value continue above year-ago levels.
Index signals expansion in industry, which is good for red meat demand.
U.S. inventory of all hogs and pigs on Sept. 1, 2012 was 67.5 million head; up slightly from same time last year and up 3 percent from June.
Pork producers are expected to continue to suffer very large losses after already operating in the red for the last six months.
Traders look for All Hogs & Pigs at 100.7% of year-ago levels.
Rising feed costs are increasing herd liquidation, raising pork production to levels that is stressing pork cutout values.
Beef exports in July largest of the year.
USDA says slaughter data suggests sow slaughter has not been significant.
Pork exports in terms of volume also up, but beef exports in terms of volume slips.
Also notes that drought has impacted conditions in the Midwest.
Specialist answers questions re: testing corn for feed.
United States inventory of all hogs and pigs on June 1, 2012 was 65.8 million head.
Drought and the impact on feed prices may be on the verge of creating a financial disaster for the pork industry and other livestock species.