Hog Prices-Markets
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.
Handling low profits means you need to manage the financial risks affecting your operation.
Smithfield Foods will end contracts with 26 hog farms in Utah to optimize its supply chain for more efficient operations in the face of an industry oversupply of pork, weaker consumer demand and high feed prices.
Not only has ASF rocked China’s pork supply, but pork prices more than doubled to reach record levels. A new report investigates the degree to which China’s reduced pork supply affected pork-exporting countries.
Sen. Josh Hawley introduces the Protecting Interstate Commerce for Livestock Producers Act to protect farmers from costly regulations – made in other states – that will hurt their business and drive-up consumer costs.
It was a seasonally quiet week in grocery store meat departments and up the distribution chain for turkeys and hams, reports Steiner Consulting Group in the Daily Livestock Report. Here’s a look at pork, turkey and beef.
Cash-traded feeder pig reported volume was above average this past week, with 12,073 head reported. Cash feeder pig reported prices were $43.66, up $0.89 per head from last week.
U.S. agriculture had a $2.4 billion trade deficit in 2022, its first shortfall since 1959. NPPC joined more than 30 ag organizations in this ask to the President’s Export Council.
The USDA said on Tuesday it will extend for up to 90 days a trial program that allows six U.S. pork plants to operate faster processing-line speeds while collecting data on how the speeds affect meatpacking workers.
Hormel Foods forecast fiscal year 2024 profit below estimates on Wednesday as consumers reduce spending on its pricier meat products and ready-to-eat meals as well as pressure on its retail business.
USDA Food Safety and Inspection Service announced on Tuesday that it will extend time-limited trials at USDA’s New Swine Slaughter Inspection System establishments.
Cattle feeding margins fell deeper into the red last week while packer margins improved modestly. Pork producer margins erode further underwater.
Cash-traded weaner pig reported volume was above average this past week, with 56,000 head reported. Cash weaner pig reported prices were $29.82, up $1.07 per head from last week.
China’s most active hog futures closed down 5.69% on Monday at a record low, after farmers ramped up selling of pigs following months of weak prices, hitting market confidence.
The Government of Canada’s fall economic statement for 2024 is encouraging, the Canadian Pork Council said. Efforts to reduce the risk of ASF are appreciated, but CPC also hoped to see feed assistance for pork producers.
The agency says exports picked up steam this year in countries such as Canada, India and Japan and that the new Regional Agricultural Promotion Program will keep the wheels of progress turning in 2024.
Cattle feeding margins declined nearly $100 per head last week with lower cash bids and rising costs. Pork producer margins remain mired in red ink.
British meat producer Cranswick forecasts annual profit at the upper end of current market estimates, betting strong domestic demand and higher pig prices would offset a fall in China volumes.
The Nov. 30 deadline on the Time-Limited Trial for New Swine Inspection System plants is approaching. USDA’s inaction is failing the pork industry, says the U.S. Senate Committee on Agriculture, Nutrition and Forestry.
Taiwan notified the World Trade Organization on Sept. 28 that it was invoking volume-based special safeguards on imports of pork belly, according to the latest USDA FAS GAIN report.
Cash-traded feeder pig reported volume was below average this past week, with 8,350 head reported. Cash feeder pig reported prices were $41.42, up $3.15 per head from last week.
Hord Family Farms of Bucyrus, Ohio, completed its acquisition of the assets of New Horizon Farms, a farrow-to-finish swine operation in Pipestone, Minn.
Two new decision tool spreadsheets are now available to help producers analyze cost of mortality.
Cash-traded weaner pig reported volume was above average this past week, with 75,109 head reported. Cash weaner pig reported prices were $25.48, up $0.79 per head from last week.
U.S. pork productivity has been fantastic with producers raising more pigs while farrowing fewer sows. Fortunately or unfortunately, that means we have a lot of barns that are really full, says Christine McCracken.