Hog Prices-Markets
In Seoul, South Korea, an agribusiness trade mission organized by the USDA Foreign Agricultural Service is underway. Here’s what’s going on across the world right now.
Pork loins should be the market driver but instead they’ve been a price drag for years. Here’s why, and what the industry is doing about it.
Cash-traded feeder pig reported volume was above average this past week, with 30,075 head reported. Cash feeder pig reported prices were $94.21, up $1.53 per head from last week.
Of the eight accomplishments USDA APHIS recently acknowledged in their efforts to protect U.S. agriculture and natural resources in 2023, three specifically address the U.S. pork industry.
Cash traded weaner pig volume was above average this week with 101,425 head being reported, which is 157% of the 52-week average.
Cash-traded feeder pig reported volume was above average this past week, with 17,310 head reported. Cash feeder pig reported prices were $92.74, up $7.29 per head from last week.
Pork producers rely on enforcement of the PSA, which was enacted to protect competition in the meat and poultry industries, ensuring fair markets and competitive pricing opportunities.
MOSCOW, March 7 (Reuters) - Russia said on Thursday that it had sent 27 tonnes of pork to China, the first exports of the meat there since Beijing imposed a ban on Russian pork nearly 15 years ago due to African Swine
Is the ability to focus on the farm a superpower? It might be, especially in modern pork production systems. Here’s a look at MetaFarm’s preliminary 2023 data and why focus is more important than ever on the farm.
The story of American corn and soybean production is a key tool in marketing U.S. red meat overseas. U.S. Meat Export Federation Chair Randy Spronk explained why at the Commodity Classic last week.
Cash-traded weaner pig reported volume was above average this past week, with 75,519 head reported. Cash weaner pig reported prices were $56.50, up $0.88 per head from last week.
The chairman of New Hope Group, one of China’s biggest pig breeders, said he is “optimistic” hog prices will pull out of a multi-year slump this year as government policies to stimulate the market take effect.
China issued new regulations to control the nation’s pig production capacity after an aggressive expansion of farms over the past two years led to an oversupply, a move that could reduce the world’s largest pig herd.
Brazilian poultry and pork processor BRF SA turned a profit of $165.26 million in the final three months of 2023, ending a seven-quarter losing streak.
Examining Iowa State’s “Estimated Returns to Farrow to Finish” profitability chart, along with the multitude of calls and discussions I’ve had with producers, paints a stark picture of the industry’s challenges.
Cash-traded feeder pig reported volume was above average this past week, with 14,133 head reported. Cash feeder pig reported prices were $78.23, up $3.92 per head from last week.
Denmark’s farmers on Wednesday voiced concerns that plans to levy a carbon emission tax on farming as part of efforts to meet Denmark’s ambitious climate goals would force them to reduce production and close farms.
Were 2023 pork exports a blip – an unexpected, temporary deviation from the general trend? Courtney Knupp, National Pork Board’s vice president of international market development, says not by a long shot.
Exports were a shining star for the U.S. pork industry in 2023, says National Pork Board’s Courtney Knupp. And with the market dynamics at play, that means a lot to a U.S. pork producer’s bottom line.
To be most effective at reducing variation, it’s important to consider its causes. If we can begin to manage these causes before placement in finishing, we’ll increase the positive impact at marketing.
Cash-traded weaner pig reported volume was below average this past week, with 58,053 head reported. Cash weaner pig reported prices were $52.73, up $3.50 per head from last week.
There will be chaos in the U.S. meat marketplace without congressional action on California’s Prop 12 law that tightened animal welfare requirements for pork products sold in the state, says U.S. Secretary of Ag Vilsack.
Production will slow in 2024 as the sow herd contracts in some regions, Rabobank says. Analysts suggest this may result in a decline or flat production in 2024, with disease pressures adding to the industry’s challenges.
Cash-traded feeder pig reported volume was above average this past week, with 15,675 head reported. Cash feeder pig reported prices were $67.47, up $10.15 per head from last week.
Matt England, president and CEO of Triumph Foods, is thrilled on the progress a federal judge’s ruling has brought for the pork industry, but he says it’s more meaningful than just pigs and pork chops.
In 2023, pork producers did a better job of managing risk and that’s made a big difference. Steve Meyer says this is one of the reasons he hasn’t heard of many wholesale bankruptcies this year despite negative margins.
Agriculture, anti-corruption, digital trade, good regulatory practices, standards collaboration, trade facilitation and customs procedures were a few topics addressed during a third round of negotiations with the USTR.
Since the Miscellaneous Tariff Bill lapsed in December 2020, U.S. businesses have paid more than $1.5 billion in tariffs on imported products, affecting jobs and raising prices for consumer. Here’s why it matters to you.
Cash-traded weaner pig volume was above average this week with 66,465 head being reported, which is 107 percent of the 52-week average.
“We want to make sure that we take every idea, that we take every concern back to the team and to the board of directors to be able to turn over every rock,” says NPPC’s Cody McKinley.