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A recovery in corn and soybean production has Chris Hurt more optimistic about pork producers’ profitability in the coming year.
Traders look for All Hogs & Pigs to come in slight above year-ago levels.
Rise in index is a positive sign for red meat demand.
Smithfield Foods Inc., the U.S. hog producer that agreed to a $4.7 billion acquisition by Shuanghui International Holdings Ltd. in May, was urged by a key investor to split itself up instead.
Highlights of USDA’s Weekly Export Sales Report.
Smithfield purchased by Shuanghui International Holdings Limited.
Shuanghui International Holdings Ltd., China’s biggest pork producer, agreed to acquire Smithfield Foods Inc. for about $4.72 billion.
Hog production has returned to profitability but delayed planting is raising concerns.
She urges consideration of the Chinese company’s “troubling track record.”
Has been identified in the U.S., but poses no public health threat.
But beef exports in terms of values was still up from year-ago.
Highlights of USDA’s Weekly Export Sales Report.
Improved same-store sales lead to improvement in index.
Beef exports in terms of value were up from year-ago.
Drought monitor notes that 33.20% of contiguous U.S. is drought-free -- minor improvement from last week.
Frozen beef stocks at the end of February top expectations.
Report to reflect expansion from year-ago.
Old-crop corn are under heavy pressure again to start the week.
Also, breeding inventory was up slightly from last year and up slightly from the previous quarter.
Highlights of USDA’s Weekly Export Sales Report.
Sends baseline report to Congress.
Farmers are anxious to begin spring planting, but “hope” is now the predominant emotion driving grain marketing plans.
Brian Grete and Julianne Johnston discuss demand concerns in the meat markets on this week’s Pro Farmer Profit Briefing.
Cattle futures declined for the second straight day on speculation that higher prices for U.S. beef are slowing consumer purchases of the meat.
Recent developments from Russia and China raise questions about ractopamine’s use.
Says will be able to meet the March 1 deadline.
Cattle futures climbed on concern that a second snowstorm in the U.S. Great Plains will disrupt movement of animals and beef supplies.