Hog Prices-Markets
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.”
Cash-traded weaner pig reported volume was above average this past week, with 84,100 head reported. Cash weaner pig reported prices were $16.38, up $2.35 per head from last week.
Years ago, Dennis DiPietre noticed a definite shift in the pork production mindset. Prior to 1985, he dubbed the motive as the pig production mindset. He takes a look back and weighs in on what could be next.
The uncertainty surrounding Proposition 12 is one reason why Scott Hays, a Missouri pork producer and president of the National Pork Producers Council, says he’s not interested in changing how his farm produces pork.
Although there is no shortage of topics the U.S. pork industry needs to wrap its head around right now, National Pork Producers Council CEO Bryan Humphreys says foreign animal disease continues to be a high priority.
The Livestock Consolidation Research Act would direct a study on the impact of livestock industry consolidation, and a report about how this has affected new market entrants, access to resources and purchasing power.
Cash-traded feeder pig reported volume was above average this past week, with 11,150 head reported. Cash feeder pig reported prices were $34.78, up $2.76 per head from last week.