Hog Prices-Markets
U.S. pork producers continue to face very high production costs and hog prices that are well below breakeven levels. What does this mean for the future? NPPC releases its second quarter pork industry economic update.
China’s first-quarter pork output rose 1.9% from a year earlier to 15.9 million metric tons, the highest quarter in five years, after farmers sold off pigs because of a surge in disease outbreaks.
Cash-traded weaner pig reported volume was above average this past week, with 76,169 head reported. Cash weaner pig reported prices were $23.11, down $4.95 per head from last week.
The U.S. pork industry is still laboring under a substantial amount of uncertainty for the remainder of 2023. Despite some positive developments in several areas, there are new or ongoing challenges in others.
Futures markets are a mystery, says Scott Irwin, author of the new book, Back to the Futures, is now available for pre-order and is scheduled to be released on April 19 on Amazon.
One thing is certain in the swine industry: we can always rely on volatility to change things in a very short period of time. Steve Malakowsky explains why he doesn’t think this downturn is the next industry disaster.
Here’s what six years of crises has done to the Vietnam pork industry.
Cash-traded feeder pig reported volume was below average this past week, with 7,379 head reported. Cash feeder pig reported prices were $72.50, down $8.47 per head from last week.
The outlook is fairly bearish for the near term with more potential for optimism in the latter half of 2023, says Jason Franken, agricultural economist at Western Illinois University and contributor to the farmdoc team.
The 12th-annual Iowa Swine Day program is packed with a top-notch group of speakers focusing on important issues facing U.S. pork producers. Mark your calendar to attend this event on Thursday, June 29.
Cash-traded weaner pig reported volume was below average this past week, with 34,050 head reported. Cash weaner pig reported prices were $34.29, down $5.35 per head from last week.
Boston resident Altin Kalo, chief economist with Steiner Consulting Group, said the hog market reminds him a little of his drive in to work each day in Boston traffic.
The March Hogs and Pigs Report looks “sharply neutral” upon first glance, AgriTalk’s Chip Flory said during the Thursday afternoon show.
Cash-traded feeder pig reported volume was below average this past week, with 3,139 head reported. Cash feeder pig reported prices were $85.89, down $2.66 per head from last week.
The U.S. animal protein sector is facing persistent cost pressure, raising the need for risk management strategies and increased efficiency, says Rabobank’s Christine McCracken. Here’s insight from her latest report.
Cash-traded weaner pig reported volume was below average this past week, with 33,151 head reported. Cash weaner pig reported prices were $46.62, down $5.07 per head from last week.
The amount of information coming at the average person each day is overwhelming. Just think of how that increases during an event like the National Pork Industry Forum. Industry leaders cut through the clutter.
Chilean authorities on Monday confirmed the South American country’s first outbreak of avian flu in poultry, prompting it to suspend chicken exports from the country.
Cash-traded feeder pig reported volume was below average this past week, with 6,825 head reported. Cash feeder pig reported prices were $88.43, up $1.54 per head from last week.
Hailed the “smartest man in the room” by many producers, Ron Plain has spent his career focused on his passion for education and his passion for the pork industry. Here’s how the industry honored him at Pork Forum.
What is the state of the U.S. economy? How will these macro factors impact the agricultural economy? John Deere’s Kanlaya Barr provides a guide to a few risks you should monitor in the next year.
As a person who likes to consider a glass as half full and not half empty, it takes some effort to read the latest book by Nouriel Roubini, also known as Dr. Doom.
Many people in the industry are skeptical that hog prices this summer will line up as forecasted by the summer futures prices. Here’s a deeper dive into summer hog prices with Dennis DiPietre and Lance Mulberry.
Cash-traded weaner pig reported volume was above average this past week, with 49,550 head reported. Cash weaner pig reported prices were $55.93, down $4.36 per head from last week.
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.