Hog Prices-Markets
“Things are looking better, but not good,” Ever.Ag chief livestock economist Steve Meyer said about the pork outlook. “The question is, will things get better enough to get you in the black?”
If adopted, EPA’s proposed new permitting guidelines under the Clean Water Act would require them to upgrade facilities and install costly wastewater treatment technologies, impacting the operation of processing plants.
Cash-traded feeder pig reported volume was below average this past week, with 4,470 head reported. Cash feeder pig reported prices were $47.85, down $0.61 per head from last week.
It’s no surprise the 2023 economic crisis is at the center of winter trade show chatter and producer conversations, says National Pork Board’s Brett Kaysen, who shares an inside look at his conversations with producers.
Pork processing is starting to see a turnaround, Bill Even, National Pork Board CEO, told AgriTalk guest host Michelle Rook. He opens up about the opportunities and challenges he sees ahead in 2024.
China will “guide” farmers to reduce hog production capacity as it steps up regulation of the industry, the agriculture ministry said, after an aggressive expansion drive led to an oversupply of pigs and heavy losses.
A persistent series of African swine fever outbreaks in Hong Kong could heighten the need for imported pork, says USMEF president and CEO Dan Halstrom. He just returned from a market visit to Hong Kong.
The revised 2024 forecast of pork shipments by U.S. and the European Union (EU), the world’s top two exporters, are nearly on par for the first time since 2015.
China’s once-soaring soybean demand will slow by about a fifth in the first quarter from a year earlier after record slaughter shrank pig herds, pressuring prices ahead of an expected glut of South American beans.
Cash-traded feeder pig reported volume was above average this past week, with 16,260 head reported. Cash feeder pig reported prices were $49.56, up $4.88 per head from last week.
Winter storms across the country have resulted in significant pork and beef supply disruptions in terms of livestock moving to processing plants as well as beef and pork moving to population centers.
China’s customs on Friday lifted a five-year ban on pig and pork products from Belgium that was implemented because of an outbreak of African swine fever in 2018.
Mexico recently issued a decree extending zero-duty treatment of certain food imports – including pork, beef and poultry – from all eligible suppliers through the end of 2024. What does this mean for the U.S.?
Cash-traded weaner pig reported volume was above average this past week, with 79,986 head reported. Cash weaner pig reported prices were $32.06, down $2.88 per head from last week.
USDA’s Foreign Agricultural Service announces more than $203 million to nearly 70 agricultural organizations to help expand export markets via the Market Access Program and Foreign Market Development program.
The outlook for hog prices remains bearish for at least the near-term, says Jason Franken, economist at Western Illinois University. He breaks down the most recent Hogs & Pigs Report.
With so many variables and unknowns facing the U.S. pork industry now, a little free advice can’t hurt. Although these economists admit you may have heard this before, here’s what they would encourage you to remember.
Cash-traded feeder pig reported volume was below average this past week, with 4,700 head reported. Cash feeder pig reported prices were $47.02, down $1.77 per head from last week.
Jan.1 marks a change for U.S. pork producers as California’s Proposition 12 takes effect. American Farm Bureau Federation Economist Bernt Nelson discusses pork market conditions.
When future historians of the hog industry look back, Lance Mulberry believes they will point to 2024 as being a pivotal year where two very important trends emerged.
Cattle open lower but off lows. How bearish was the COF and will weather, higher cash trump it? Hogs down w/slightly larger herd. Grains open higher then turn mixed. Brad Kooima, Kooima Kooima Varilek, has more.
Cash-traded weaner pig reported volume was above average this past week, with 73,250 head reported. Cash weaner pig reported prices were $34.75, up $2.28 per head from last week.
A new year brings new opportunities. But no one can deny 2024 will bring its share of challenges for pork producers. Economists encourage pork producers to consider these four important questions.
Chinese animal feed and hog producer New Hope Liuhe plans to raise $589.13 million by selling majority stakes in two of its units, as it seeks to replenish capital after months of losses from pig farming.
Cash-traded feeder pig reported volume was below average this past week, with 8,075 head reported. Cash feeder pig reported prices were $49.60, up $3.49 per head from last week.
When talking to pork producers over this past year, Steve Malakowsky says the theme has been consistent.
Philippine President Ferdinand Marcos Jr has approved a further extension of lower tariff rates on pork as the country battles inflation.
Cattle feeding margins fell deeper into the red while packer losses doubled from the prior week. Pork producer margins have now printed red every week for the past year.
Hong Kong authorities have ordered the culling of more than 900 pigs after detecting the presence of the deadly African swine fever in animals at a licensed farm in the New Territories district.
Cash-traded weaner pig reported volume was above average this past week, with 100,545 head reported. Cash weaner pig reported prices were $32.23, up $1.84 per head from last week.