Hog Prices-Markets
A bullish outlook on the U.S. pork market means it’s time to take advantage of opportunities that come your way, says Erin Borror with the U.S. Meat Export Federation.
The packer/feeder margin spread grew this week in favor of the feeder at $285 per head while pork producers found positive margins of $39.77.
Low expected corn prices will translate into relatively low feed costs during the first part of next year. Here’s a look at trends in feed costs.
Brazil is close to finalizing protocols for exporting pork offal and fish to China.
For the past two years, the swine industry has been battered by high costs and unprecedented accumulated losses. The billion-dollar question is: Have we turned the corner toward sustainable profitability?
Margins widened this week this week for pork and beef producers while packer margins remain in the red for beef at -$34.67 and decreased for pork to $8.65.
Cash-traded weaner pig volume was below average this week with, 55,858 head being reported Cash feeder pig reported prices were $69.35, up $4.98 per head from last week.
From the weather to prices, production to demand, and everywhere in between, this is an industry where certainties are scarce and variation reigns supreme. In essence, pork production is the art and science of stacking the deck that nature and the market deals out.
After posting a record net revenue in the third quarter and a 571% increase in net income, year-over-year, JBS raised its earnings estimates for 2024.
The estimated total cost for finishing a steer last week was $2,770 per head. Hogs placed for finishing last week had a breakeven at $68.36 per head.
Cash-traded weaner pig reported volume was above average this past week, with 92,390 head reported. Cash weaner pig reported prices were $50.50, up $2.23 per head from last week.
Tyson Foods forecast full-year revenue below Wall Street expectations on Tuesday, weighed down by slowing chicken demand and lower pork prices.
While feedlot margins are declining in the beef industry, hog margins are increasing for U.S. pork producers. Here’s a look at the latest Profit Tracker from Sterling Marketing.
How are the long-term trends in pigs per litter impacting the U.S. pork industry?
Cash-traded feeder pig reported volume was above average this past week, with 17,335 head reported. Cash feeder pig reported prices were $64.06, up $5.77 per head from last week.
Despite improved profitability, global pork producers are cautious on herd rebuilding due to ongoing trade, disease and demand uncertainties, according to a recent RaboResearch report.
Time is running short for Congress to come together to address the farm bill in a bipartisan way, says U.S. Secretary of Agriculture Tom Vilsack.
Cash-traded weaner pig reported volume was below average this past week, with 64,675 head reported. Cash weaner pig reported prices were $45.52, down $0.06 per head from last week.
Cash-traded feeder pig reported volume was below average this past week, with 11,275 head reported. Cash feeder pig reported prices were $61.61, up $4.01 per head from last week.
In its comments for the most recent report, NPPC listed 20 countries and the European Union as having varying tariff and/or non-tariff barriers limiting U.S. pork exports.
Beef packers saw profits increase $26 per head to a total loss of $86 per head. That puts the packer/feeder margin spread at $289 per head in favor of the feeder. Meanwhile, pork packers saw average profits of $25 per head, up $2.68 from the previous week.
Cash-traded feeder pig reported volume was below average with 8,300 head reported. Cash feeder pig reported prices were $57.60, down $1.41 per head from last week.
Meat producer and exporter Danish Crown plans to cut around 500 white-collar jobs in a major reorganization, in order to save around $73.35 million in annual costs.
U.S. Meat Export Federation announces new records for volume and value for pork exports will be achieved in 2024. While not as strong, beef exports are holding their own, led by Mexico purchases.
August numbers reveal exports of U.S. pork increased year-over-year and U.S. beef exports were below year-ago levels, according to USDA data.
John Nalivka of Sterling Marketing shares his weekly Beef and Pork Profit Trackers, giving us a deeper look at what’s going on in the markets.
Longshoremen at ports along the East and Gulf Coasts are set to strike when their current labor contract expires at 12:01 a.m. on Oct. 1.
Cash-traded weaner pig reported volume was above average this past week, with 71,860 head reported. Cash weaner pig reported prices were $40.08, up $1.80 per head from last week.
With all that’s been talked about regarding 2023’s trials and tribulations in the pork industry, there may be one final question to ask as we flip the calendar. “Is this a defining moment?” asks economist Lee Schulz.
The Grinch is writing closeouts ahead of the holidays as cattle and hog profit margins tumble to their lowest point since the summer of 2020, just months into the COVID pandemic.