Hog Prices-Markets
China may impose provisional anti-dumping measures on pork imports from the European Union as part of a year-long probe that began on June 17, its commerce ministry said on Thursday.
South Africa and Nigeria, two top beneficiaries of the African Growth and Opportunity Act, should be better markets for U.S. pork, says Maria Zieba, NPPC vice president of government affairs. Here’s why.
While there has been some hope new markets created by Prop 12 would provide additional premiums to producers, it’s prudent any potential short-term gains do not distract from the long-term dilemma these laws present.
China’s dumping probe into EU pork imports following duties slapped on Chinese EVs, caught Spain’s pig farmers on the hop this week, but the sector proved it is resilient and far less vulnerable than the car industry.
Cash-traded feeder pig reported volume was above average this past week, with 17,951 head reported. Cash feeder pig reported prices were $59.10, down $0.69 per head from last week.
China has opened an anti-dumping investigation into imported pork and its by-products from the EU, a step that appears mainly aimed at Spain, the Netherlands and Denmark, in response to curbs on electric vehicle exports.
Leading EU pork exporter Spain on Monday said it was working with European Union officials to avoid damaging tariffs after Beijing said it would open an anti-dumping inquiry.
Europe’s pork industry faces a “nightmare scenario” of lower prices and falling profitability if China restricts imports from the region, industry executives and analysts said.
Very little positive news is entering the market to support soybean prices. The potential size of the soybean crop and trade uncertainty continue to be the main forces behind soybean price weakness.
The pork outlook looked bleak in August. Fear of large pork supplies and Mexican and Chinese tariffs appeared disastrous. The outlook is still suggesting losses this fall and winter but much less than thought in August.
August pork export volume was down 1% from last year at 182,372 mt, while export value fell 3% to $494.1 million.
It wasn’t a particularly positive economic forecast from Ever.Ag speakers Joe Kerns and Dr. Steve Meyer at the 2024 World Pork Expo, but there are bright spots.
Protein analyst Christine McCracken chimes in on heavier hog weights, domestic demand that’s lacking just a bit and Mexico’s appetite for pork.
Cash-traded weaner pig reported volume was above average this past week, with 90,420 head reported. Cash weaner pig reported prices were $38.92, down $0.57 per head from last week.
It takes work with both sides of the aisle to support America’s pork producers, NPPC industry leaders expressed during a policy panel moderated by AgriTalk’s Chip Flory at the World Pork Expo in Des Moines.
Five economists weigh in on the issues most likely to spark attention in the upcoming USDA Quarterly Hogs & Pigs Report to be released on June 27.
Steve Meyer, senior livestock economist, Ever.Ag Insights, says cash and cutouts just stalled the last six weeks, pulling down lean hog futures and cutting into break evens and profit levels.
Cash-traded weaner pig volume was above average with 82,708 head being reported which is 120% of the 52-week average. Cash prices were $39.49, down $0.83 from a week ago.
Robust exports. A return to profitability? Lower feed costs. Near-record U.S. pork production? The factors affecting the pork outlook are numerous and worthy of this deep dive with five experts.
No one would argue there’s a lot for producers to wade through right now. It can be hard to discern where to put your focus first with so many things trying to catch your attention.
Data analytics and consulting company Agri Stats must face a lawsuit by the U.S. Justice Department and six states accusing it of participating in a price-fixing conspiracy with major chicken, pork and turkey processors.
Cash-traded weaner pig reported volume was above average this past week, with 72,673 head reported. Cash weaner pig reported prices were $40.32, up $0.51 per head from last week.
Chinese companies plan to request an anti-dumping investigation into imports of some pork products from the EU, the state-backed Global Times newspaper reported, citing an unidentified “business insider.”
Unclear. That’s how Heidi Vittetoe, co-owner of JWV Pork in Washington, Iowa, would describe her outlook on the pork industry. Three pig farmers get honest about the pork outlook and what’s ahead.
What are the non-negotiables for pork producers in 2024? In the first State of the Pork Industry Report hosted by Farm Journal’s PORK editor Jennifer Shike, four experts compare 2023 data to what they see in the barns.
Agriculture Secretary Tom Vilsack announced that USDA is allocating $300 million under RAPP to 66 U.S. organizations to build demand for American food and farm exports in high-potential markets around the globe.
Brazil revealed extensive losses of livestock from floods in the state of Rio Grande do Sul, likely leading to meat production disruptions. Hog farmers lost an estimated 12,600 head after floods submerged entire towns.
Cash-traded weaner pig reported volume was above average this past week, with 84,100 head reported. Cash weaner pig reported prices were $39.81, down $0.09 per head from last week.
Shares of Brazil’s JBS SA rose 7% in early morning trading on Wednesday after the world’s largest meatpacker reported strong first-quarter results in spite of headwinds faced by its large U.S. beef business.
(Adds details from earnings statement) SAO PAULO, May 14 (Reuters) - Brazil’s JBS SA , the world’s largest meat-packer, on Tuesday reported a net profit of 1.64 billion reais ($319.74 million) for the first quarter,