Hog Prices-Markets
U.S. pork producers are concerned the Indo-Pacific Economic Framework for Prosperity talks won’t address tariffs and market access issues, including sanitary and phytosanitary measures, that restrict their exports.
Importer AJC International, Inc., of Atlanta, Ga., is recalling approximately 17,428 pounds of frozen, raw pork products that were not presented for import reinspection into the United States, the USDA’s FSIS announced.
Cash-traded weaner pig reported volume was above average this past week, with 73,950 head reported. Cash weaner pig reported prices were $12.48, up $0.44 per head from last week.
Although it didn’t come as a surprise, last week’s hog slaughter was up 3.7% higher than a year ago. Altin Kalo provides a market update and shares why it’s difficult to chart a predictable path for bellies this fall.
Cash-traded feeder pig reported volume was below average this past week, with 9,919 head reported. Cash feeder pig reported prices were $33.50, up $9.53 per head from last week.
The Chinese government has asked Brazil to reduce a list of meat plants seeking authorization to export to the Asian country, a step that could help Beijing expedite the approval process.
France has obtained final approval for exporting pork to Australia, adding a new potential trade outlet for a sector that has faced fluctuating demand from top importer China.
Lean hog futures for the fall, winter and spring are currently trading below breakeven levels, even when accounting for the lower grain prices. Will pork prices hold up?
What’s the mythical performance curve for net sow output? Dennis DiPietre and Lance Mulberry urge producers to think twice about the culling process. Here’s why.
High price points and other lingering obstacles trigger sharp decline in sales of plant-based meat alternatives.
Meat producer and exporter Danish Crown on Wednesday said on Wednesday it plans to boost its earnings by 1.5 billion crowns annually ($220 million) within two years, part of the company’s ongoing restructuring.
Chinese pork processing giant WH Group Ltd expects hog prices in China to rise 10-20% in the second half of 2023 from the first six months, supported by stronger demand and smaller supply glut.
Cash-traded weaner pig reported volume was above average this past week, with 74,990 head reported. Cash weaner pig reported prices were $11.28, up $0.99 per head from last week.
The swine industry’s future was once filled with optimism, expecting a turnaround that would bring back profitable times. However, the first half of 2023 has proven to be the most arduous period in the careers of many.
U.S. pork exports wrapped up an excellent first half of 2023 with another strong performance in June. Although numbers are below the record pace established in 2022, June beef exports topped $900 million in value.
China’s July soybean imports jumped by almost one-quarter from a year ago. Chinese hog farmers delayed the slaughter of pigs due to low pork prices, which in turn increased demand for animal feed.
Falling chicken and pork prices as well as slowing demand for its beef products are reasons Tyson Foods cited on Monday for missing Wall Street expectations for third-quarter revenue and profit, Reuters reports.
A market analyst shared a gloomy outlook for the country on Thursday, saying the U.S. balance sheet and financial condition have been deteriorating significantly over the last decade. He expects more of the same ahead.
Cash-traded feeder pig reported volume was above average this past week, with 13,525 head reported. Cash feeder pig reported prices were $30.75, down $5.21 per head from last week.
Strengthening U.S. pork identification in the retail and foodservice sectors by differentiating U.S. pork as top quality is a primary market development objective of USMEF. Here’s what’s happening in Mexico.
Depressed hog values amid sky-high production costs compound producers’ challenges, CoBank’s Knowledge Exchange says in its latest report.
Cash-traded weaner pig reported volume was above average this past week, with 69,000 head reported. Cash weaner pig reported prices were $9.75, down $2.22 per head from last week.
California Proposition 12 creates significant challenges and market uncertainty for pig farmers across the country and has far-reaching implications beyond the pork industry, NPPC notes in its latest economic update.
“Regardless of whether your particular packer is sending their pork to this market or to that market, a rising tide raises all ships,” says Dave Reinecker, a Pennsylvania producer. Here’s why.
Although there’s been plenty of talk in recent weeks about inventory building ahead of Proposition 12, Steiner Consulting Group’s chief economist Altin Kalo says this does not seem to be backed up by the data.
China contains the largest population of any country in the world. All those mouths drive demand across the globe and for your farm’s products.
A consortium led by major Chinese pig feed producer Twins Group will lead the restructuring of Jiangxi Zhengbang Technology 002157.SZ, previously one of the country’s top pig breeders, Zhengbang said on Monday.
Cash-traded feeder pig reported volume was below average this past week, with 8,943 head reported. Cash feeder pig reported prices were $36.58, up $1.90 per head from last week.
Could agriculture face a Southwest-type meltdown?
The July Ag Economists’ Monthly Monitor showed several key changes from June including a bigger cut to corn and soybean yields, a drop in corn and soybean prices and more bullish cattle and hog prices.