Hog Prices-Markets
Cash-traded feeder pig reported volume was above average this past week, with 16,000 head reported. Cash feeder pig reported prices were $36.88, up $0.68 per head from last week.
The Panama Canal is now cutting its daily ship transits by half this winter due to severe drought.
Trade barriers limit U.S. ag exports, which are vital to America’s farmers, ranchers and the overall U.S. economy, supporting about 1 million jobs. For pork producers, exports contribute significantly to the bottom line.
China’s live hog price fell almost 7% on Monday from a week ago, the biggest weekly decline this year, as fresh disease outbreaks led farms to send more pigs to slaughter for an already over-supplied market.
Cash-traded weaner pig reported volume was above average this past week, with 63,895 head reported. Cash weaner pig reported prices were $23.42, down $0.64 per head from last week.
Changes are happening in the meat industry worthy of note. Not only do they tell us about the future, but they provide clues into what the pork industry can anticipate as it evolves to opportunities and challenges.
Cash-traded feeder pig reported volume was below average this past week, with 10,650 head reported. Cash feeder pig reported prices were $35.85, down $8.50 per head from last week.
Producers are grappling with significant challenges, and the hope for a turnaround in 2024 is paramount. Producers have witnessed unprecedented losses, leading to financial difficulties and prompting some to exit.
Smithfield Foods’ Chinese owner WH Group is working with banks to take the U.S.-based pork producer public again in the U.S., the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
The time to get started on traceability is now, says producer Alan Wulfekuhle. He believes it’s no longer an option – but rather, a duty. But not everyone agrees. In fact, many are unsure of their next move.
China’s pork output in the third quarter rose 4.8% from a year ago to 12.69 million metric tons, the highest for the quarter in at least a decade, Reuters calculations based on official data showed.
Why have so few swine operations implemented anaerobic digester systems? Economic challenges and the vertically integrated nature of the industry are two obstacles that prevent adoption of AD systems on farms.
Cash-traded weaner pig reported volume was above average this past week, with 66,600 head reported. Cash weaner pig reported prices were $23.68, up $1.01 per head from last week.
European Union pork exports are expected to decline 25% in 2024 compared to 2019 and account for 15% of production, down from 19% in 2019, according to the latest Livestock and Poultry: World Markets and Trade report.
Although August exports of U.S. pork were steady year-over-year, beef exports were well below the large totals of August 2022, USMEF reports. Pork exports were led by Mexico and beef exports showed improvement over July.
China’s most-active hog futures DLHcv1 closed down 4% on Monday, the biggest decline in six weeks, as excess supply offset any boost to consumption from last week’s holiday.
Cash-traded feeder pig reported volume was below average this past week, with 9,843 head reported. Cash feeder pig reported prices were $41.45, down $0.66 per head from last week.
Packers applied the brakes and cattle slaughter declined another 13,000 head last week and capacity utilization dipped 9%. Pork producer margins print $7 in the red.
“It’s likely managing a slimmer margin in production agriculture will be closer to the 1980s than the 2010s.”
As October unfolds, some producers might wonder if they can continue to weather the financial storm until more profitable times. Take a moment to reflect on these pork industry accomplishments and your role within it.
Cash-traded weaner pig reported volume was below average this past week, with 50,524 head reported. Cash weaner pig reported prices were $23.10, up $3.64 per head from last week.
After reviewing a slightly bearish USDA Hogs and Pigs Report, Altin Kalo, chief economist with Steiner Consulting Group, said pork supplies are not declining as fast as some people are saying they are.
China has cleared the way for imports of pork from regions of Russia without African swine fever (ASF), its customs agency said in a statement on Thursday.
Has the costly impact of Proposition 12 reached California consumers? A new study out of the USDA Chief Economist’s Office suggests it has.
After more than a decade of political discussions on restructuring livestock farming, a new German labeling law requires hog farmers to report husbandry practices and food businesses to label goods accordingly.
Higher cattle prices and declining wholesale beef prices pushed packer margins further underwater last week. Pork producer margins inched into the black.
USDA will release the September Hogs and Pigs report on Sept. 28. Analysts are expecting all hogs and pigs, as of Sept. 1, to be down 0.2% to 1.9% from last year.
USDA’s Economic Research Service recently shared the September 2023 outlook for pork and hogs, following a slightly lower month of pork production in August.
Cash-traded feeder pig reported volume was below average this past week, with 7,750 head reported. Cash feeder pig reported prices were $40.99, up $3.23 per head from last week.
Randy Spronk testified before the U.S. House Committee on Ways and Means’ Subcommittee on Trade in its hearing on “Reforming the Generalized System of Preferences to Safeguard U.S. Supply Chains and Combat China.”