Hog Prices-Markets
Market participants seem to be more focused on the day-to-day trading in the spot meat/livestock markets, and the short-term impact from weather events, Steiner Consulting says.
Cash-traded feeder pig reported volume was above average this past week, with 10,425 head reported. Cash feeder pig reported prices were $86.38, up $3.60 per head from last week.
Consumer demand has been a key driver of strong pork and hog prices, but will it remain that way in 2023? Steve Meyer weighs in on factors impacting the pork outlook from exports and demand to Prop 12 and inflation.
For the third straight year, agricultural exports from the U.S. to the Dominican Republic have reached an all-time record with pork leading the way in 2022.
Looking at the modest profitability of the pork industry over the past four years, it would typically garner discussion of new projects, says Steve Malakowsky of Compeer Financial. Here’s why producers are reluctant.
Cash-traded weaner pig reported volume was below average this past week, with 20,500 head reported. Cash weaner pig reported prices were $61.21, down $2.94 per head from last week.
Spain’s exports grew 23% in 2022 to a record $416.50 billion, though the increase did not prevent the trade deficit from doubling to 68 billion euros because of a rise of prices and volumes of energy imports.
Carcass utilization is a key profitability figure that needs more focus, says Bob Ruth, a Pennsylvania pork producer recently retired from Clemens Food Group. It may even be more important than pounds sold.
Despite what many called a challenging year for U.S. pork exports, here’s what the numbers don’t show about U.S. pork exports in 2022.
Pork producers are working in an increasingly challenging environment. The headwinds are bigger than any single producer can tackle, but everyone coming together can impact the industry’s ability to shape policy.
A new economic update from NPPC provides critical information to help producers stay informed on current market conditions, industry trends and key issues impacting the pork industry. Here are a few highlights.
Cash-traded feeder pig reported volume was above average this past week, with 13,515 head reported. Cash feeder pig reported prices were $90.49, up $11.27 per head from last week.
Despite ongoing cost pressures, early signs signal expansion in the U.S. hog herd, Rabobank says in its latest Rabobank Global Pork Quarterly Report.
Rabobank analysts agree that the industry may find growth difficult to sustain through 2023, given the slow production growth in major exporting regions, mainly the European Union and the U.S.
Cash-traded weaner pig reported volume was below average this past week, with 30,149 head reported. Cash weaner pig reported prices were $66.85, down $0.88 per head from last week.
Are hog producers being left out of USDA’s Emergency Relief Program (ERP) Phase 2? Paul Neiffer, a CPA who specializes in farm taxes, told AgriTalk’s host Chip Flory that’s what it looks like from his perspective.
COVID-19 continues to plague pork demand in China. Meanwhile, the country’s hog numbers continue to rise.
Despite the challenges of the current wave of COVID-19 infections in China, the import forecasts of beef and pork in 2023 are revised up and are now forecast higher year-on-year, according USDA’s most recent report.
Cash-traded feeder pig reported volume was above average this past week, with 18,520 head reported. Cash feeder pig reported prices were $96.36, up $6.39 per head from last week.
The Ghanaian market is now officially open to U.S. exports of pork and pork products in addition to other meat products from the U.S.
Cash-traded weaner pig reported volume was above average this past week, with 38,801 head reported. Cash weaner pig reported prices were $67.53, down $0.77 per head from last week.
China’s pork output in 2022 increased by 4.6% from 2021 to reach its highest since 2014, official data showed on Tuesday, confounding some expectations for a smaller rise.
Cash-traded feeder pig reported volume was below average this past week, with 9,600 head reported. Cash feeder pig reported prices were $81.81, up $3.25 per head from last week.
Cash-traded feeder pig reported volume was below average this past week, with 5,395 head reported. Cash feeder pig reported prices were $78.56, up $5.20 per head from last week.
U.S. pork exports saw continued growth in November, posting the largest volume and value numbers of 2022. Despite a November slowdown, beef export value sets records in key markets. Here’s a look at what’s happening.
Demand concerns have been intensifying with the spike in Covid numbers in China. That’s been sending a negative tone across the energy sector, equities and portions of the ag markets.
The Biden administration is awarding an additional $9.6 million in grants and loans to expand meat processing across the country, it announced on Thursday as the government tries to diversify the industry.
Jason Franken, agricultural economist at Western Illinois University and contributor to the University of Illinois farmdoc team, says he’s optimistic about hog prices and weighs in on the December Hogs and Pigs report.
The new year brings fresh market action, but volatility continues to be the main theme to enter the new year. As farmers look ahead, analysts say there are some keys lessons to keep in mind from 2022.
Of all the challenges coming at the U.S. pork industry in the year ahead, economists agree it likely won’t be the price of pigs. Here’s what four industry experts have to say about the 2023 pork outlook.