Hog Prices-Markets
U.S. pork exports topped year-ago totals for the second consecutive month in September, while beef exports dipped below the $1-billion mark but remain on a record pace.
What happens when you take a veterinarian, a business manager, a recruiter and a sow farm manager to Mexico? OK, this might sound like the start of a bad joke, but the answer is simple.
Why does the Mexico export market matter so much to U.S. pork? This is just one of the questions the Pork Leadership Institute class will ask as they do a deep dive of the pork market in Mexico this week.
With the U.S. breeding herd down 6.2 million head below year-ago levels (according to USDA’s September Hogs and Pigs report), producers are remaining cautious about expansion, Rabobank says.
Brazilian authorities sought to curtail truckers’ blockages protesting the country’s presidential election after signs they were disrupting fuel distribution, meat production and the ability to send grains to port.
As inflation outpaces wage growth, Rabobank analysts forecast lower real wages will negatively impact protein consumption in the fourth quarter of 2022 and the first half of 2023.
Ten years ago, Courtney Knupp traveled to Mexico as part of Pork Leadership Institute. Little did she realize then how her path would make a full circle a decade later.
Debt-laden Jiangxi Zhengbang Technology Co Ltd, formerly China’s No.2 hog producer, said on Monday that a court will start restructuring of one of its breeding businesses as it struggles to restore cashflow.
The Fed is selling back securities it previously bought and raising interest rates to curtail spending. Eventually, it will work out. But it will be difficult to fine tune so we don’t enter an extended recession.
Global diesel and distillate fuel stocks have fallen to dangerous levels and the U.S. has been exporting a lot of diesel to Europe and Latin America, but now things are changing.
China’s third-quarter pork output reached 12.11 million metric tons, up by less than 1% year-on-year, official data showed, highlighting the impact on production after farmers recorded huge losses earlier in the year.
China’s state planner has increased its coordination with large-scale pig breeders to ensure stable hog supply, the authority said on Thursday, as it tries to cool soaring prices in the world’s biggest pork market.
Consumers are stretching their dollar as unrelenting food inflation and a slowing global economy continue to pose challenges. What does this mean for the red meat and poultry sector?
A lot of variables go into calculating cost of production. Besides your standard list of inputs, have you also included the cost of inflation? Here’s why you need to.
China’s hog futures rose as much as 6% on Monday, after a surge in demand during the week-long National Day holiday, amid tight supply, pushed up spot prices.
The U.S. pork industry has reason to celebrate after the August export stats came out with some good news for pork. August exports topped year-ago totals for the first time in 2022.
Meat and dairy production in the European Union is expected to decline this year and next as livestock farms feel the effects of drought, disease outbreaks and rising costs.
The decline in December lean hog futures on Tuesday may have come as a shock to some market participants, especially considering the bullish inventory numbers, Steiner Consulting said in the Daily Livestock Report.
The editors at AgWeb.com are looking at experts’ projections for commodities in 2021 to help you succeed in the coming year. Here’s a look at what analysts expect for the upcoming year in the protein segments.
Volatility. Feed costs. Labor shortages. Pork producers face a number of challenges in 2022 that will likely affect their bottom line.
From January 2020 to May 2022, retail pork prices increased 27%, according to a recent report. What root causes led to this lofty increase? Experts Dr. Jayson Lusk and Dr. Glynn Tonsor report their findings.
Cash-traded weaner pig reported volume was below average this past week, with 33,990 head reported. Cash weaner pig reported prices were $42.33, up $1.26 per head from last week.
Cash-traded feeder pig reported volume was below average this past week, with 4,000 head reported. Cash feeder pig reported prices were $61.69, down $0.48 per head from last week.
Cash-traded weaner pig reported volume was above average this past week, with 37,250 head reported. Cash weaner pig reported prices were $41.37, down $0.67 per head from last week.
Cash-traded feeder pig reported volume was above average this past week, with 10,204 head reported. Cash feeder pig reported prices were $63.70, down $4.17 per head from last week.
The smaller pig crop should imply a similarly smaller slaughter this winter, says Jason Franken, agricultural economist at Western Illinois University, regarding the USDA’s September Hogs and Pigs Report.
Cash-traded feeder pig reported volume was above average this past week, with 9,679 head reported. Cash feeder pig reported prices were $53.31, down $0.69 per head from last week.
The bullish September Hogs and Pigs Report indicates producers are keeping production at a level that meets consumer demand, said Altin Kalo, chief economist at Steiner Consulting in Merrimack, N.H.
Smithfield Foods Inc has agreed to pay $75 million to settle a lawsuit by consumers who accused the meat producer and competitors of conspiring to inflate prices in the $20 billion-a-year U.S. market by limiting supply.
Pork producers have a lot to be proud of when it comes to sustainable production practices, says Ashley McDonald, NPB’s vice president of sustainability. Now it’s time to quantify it.