Hog Prices-Markets
Most U.S. animal protein industry segments have posted phenomenal financial performance over the past three years. However, CoBank’s latest report says this broad-based profitability will likely come to an end in 2023.
Farm Journal’s PORK asked four industry experts a simple, yet straightforward question. Admittedly, it’s one that doesn’t have an easy answer.
Cash-traded weaner pig reported volume was above average this past week, with 43,850 head reported. Cash weaner pig reported prices were $60.84, up $4.35 per head from last week.
Everyone has their eye on next spring to be the big fork in the road or the big reveal as to how our current situation in the U.S. and global economy will find its pathway to a resolution (of inflation primarily).
If there is such a thing as “normal,” Caleb Shull, director of research and innovation for The Maschhoffs, says he’s not sure the pork industry will see it in 2023. Here’s his take on what producers can expect.
Despite analysts’ pre-report expectations, for the first time in 2.5 years, the national swine breeding herd has seen a year-over-year increase, according to the Dec. 1 USDA Hogs & Pigs Report.
Cash-traded weaner pig reported volume was above average this past week, with 35,250 head reported. Cash weaner pig reported prices were $56.49, up $2.25 per head from last week.
Although it’s not time to look at 2022 in review yet, Compeer Financial’s Steve Malakowsky offers perspective on their database information through the third quarter of 2022 and why he likes this information best.
Gaining better market access to the Philippines has been a top trade priority for U.S. pork producers. That’s why the Philippines’ extension of reduced pork tariff rates through 2023 was met with applause by NPPC.
What are the biggest questions on the pork industry’s mind heading into 2023? Nine pork leaders share a glimpse of what they’re thinking about.
Cash-traded feeder pig reported volume was above average this past week, with 20,825 head reported. Cash feeder pig reported prices were $72.15, up $2.73 per head from last week.
CoBank has released its outlook for 2023.
The perfect storm of lower supplies of slaughter-ready hogs with confronting consumer resistance to pork price increases put the pressure on processors’ price spreads.
Cash-traded weaner pig reported volume was above average this past week, with 36,976 head reported. Cash weaner pig reported prices were $51.28, up $4.39 per head from last week.
Has the hype cooled for plant-based meat alternatives? Purdue economist Jayson Lusk thinks so. Here’s why.
Despite strong growth in both production and imports, total pork consumption in Chile has fluctuated at the same level over the last decade, and fallen in per capita terms. Gira looks into “why” and how to improve.
Are you experiencing stress in your budget? A recent consumer survey shows almost everybody said ‘yes’ and food is at the top of the list of items in the household budget that are creating the most stress.
China’s most active live hog futures contract fell more than 3% on Wednesday, the biggest decline since July, as spot prices came under pressure from weak consumption and heavy slaughter volumes.
Colombia’s pork market is steadily developing as consumers balance the competitive cost of chicken with a need for variety, says a report on the differentiation of U.S. pork in key international markets. Here’s why.
Cash-traded feeder pig reported volume was below average this past week, with 6,525 head reported. Cash feeder pig reported prices were $65.63, up $3.59 per head from last week.
New studies show U.S. pork will need to differentiate itself beyond being a low-cost supplier if it wants to continue to grow its export market share in an increasingly competitive global pork market.
Although China imported more than $205 billion worth of agricultural products in 2021, including more than $37 billion from the U.S., trade barriers deterred China’s imports from reaching even higher levels.
McDonald’s Corp. is accusing leading suppliers of pork of conspiring to fix pork prices over the past 14 years in a lawsuit filed Nov. 25.
Cash-traded weaner pig reported volume was above average this past week, with 40,429 head reported. Cash weaner pig reported prices were $43.39, up $1.49 per head from last week.
The holiday shortened week likely caused some disruptions in both product and livestock markets. Analysts share insights into the data that came out on Friday and Saturday and implications for the weeks ahead.
China has been sporadic in the U.S. soybean market lately, though its purchases last week were unexpectedly large and probably much-needed as the top importer’s bean supplies have run thin.
China is set to increase pork imports in the coming months, after losses for farmers last year in the world’s top pork producer caused a reduction in hog output that appears larger than official data suggests.
A recent campaign in Mexico validated the power of social media in reaching consumers with new ideas for meals at home using high-quality U.S. red meat.
The December lean hog futures contract jumped a little over 400 points on Monday, a result of fundamentals running counter to expectations, Steiner Consulting said.
There’s no question the pork and beef markets indicate consumers want more pork and beef. Scott Brown of the University of Missouri weighs in on what this could mean for 2023.