Hog Prices-Markets
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.
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.