Hog Prices-Markets
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.
There’s a $400 spread between cattle feeding margins and packer margins – now in the cowboy’s favor. Cattle harvest is lower as packers reduce hours, a signal their margins are in the red.
The animal protein space remains a proven winner with the consumer, which lends itself to optimism, points out CoBank’s Brian Earnest. However, elevated feed and input costs will impede growth in the months ahead.
Canada’s red meat sector expressed deep disappointment after the announcement that the United Kingdom joined the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
China’s second-quarter pork output rose 4.6% from a year earlier to 14.4 million metric tons, the highest in at least a decade for the period, as farmers raised more pigs on hopes of better demand.
Cash-traded weaner pig reported volume was above average this past week, with 74,250 head reported. Cash weaner pig reported prices were $11.03, down $0.55 per head from last week.
The global meat trade outlook remains similar to April in the July USDA Livestock and Poultry: World Markets and Trade report. Beef and chicken meat exports are not significantly revised while pork is raised 2%.
JBS announced a proposal to list company shares on the São Paulo Stock Exchange and the New York Stock Exchange in order to better reflect its global presence and unlock value for shareholders.
The strike at Canada’s busiest ports is causing severe disruption to the nation’s economy and shows no signs of a quick resolution. The Canadian Pork Council is calling on the government for help.
In what is for many, the first time they have witnessed a significant and sustained demand drop in the pork industry, the reasons for it and the way forward to success are perplexing.
Cash-traded feeder pig reported volume was above average this past week, with 20,570 head reported. Cash feeder pig reported prices were $38.28, up $2.45 per head from last week.
A year after the pandemic disrupted the hog industry and left producers facing financial ruin, operators are now experiencing a once-in-a-lifetime rally as farrow-to-finish margins climbed another $7 per head last week.
The Sterling Beef Profit Tracker reports average cattle feeding closeouts were in the black last week, but with little room to spare.
Pork producer margins dropped $15 per head last week due to a $7.59 per cwt. decline in lean carcass prices.
AgDay’s Clinton Griffiths shares an update on this week’s top headlines.
After a one-week reprieve, cattle feeding margins are back in the red. Pork producers saw a $7 per head improvement, but remain below breakeven.
A seven-week rally in negotiated cash fed cattle prices has finally lifted average cattle feeding margins to profitability. Pork producer margins remain underwater.
Cattle feeding losses were estimated at $194 per head the week ending July 11, a $60 per head improvement over the previous week, according to the Sterling Beef Profit Tracker.
Both cattle and hog finishing operations found profits on closeouts last week with higher prices paid from meat packers.
Average cattle and hog finishing margins are both positive for the third consecutive week, according to calculations in the Sterling Marketing Profit Tracker.
Cattle and hog finishing margins are both positive for the fourth consecutive week despite the fact cash prices for cattle and hogs were slightly lower last week.
Average feedyard closeouts saw modest profits for cattle last week as cash prices improved. Hog finishing margins declined from near breakeven to a loss of $6 per head.
Cash fed cattle prices ended last week $10 per cwt. lower than last year while the beef cutout closed $16 higher than the same week a year ago. The result? Packer margins $314 per head more than last year.
Higher grain prices and lower cash livestock prices contributed to a decline in feeding margins last week, leaving closeouts showing red ink for both cattle and hogs.
Cattle and hog feeding both saw solid average profits for the week ending April 2, boosted by higher average farmgate prices. Cattle were positive for the second week, while positive hog margins entered a third month.