Hog Prices-Markets
The Office of the U.S. Trade Representative is reviewing Section 301 tariffs, which is required every four years by law, on more than $370 billion of Chinese goods. Here’s why it matters to you.
Challenges are building on both sides of the profit equation: costs of production and sales revenue. Layers of uncertainty are in the air, and even if some are resolved today, their impacts will continue for months.
China’s soybean imports in April climbed from a month ago, helped by the arrival of cargoes delayed by poor weather and slow harvests in South America, customs data showed on Monday.
Cash-traded feeder pig reported volume was below average this past week, with 6,070 head reported. Cash feeder pig reported prices were $92.93, down $7.42 per head from last week.
How can producers better understand their role in an increasingly global protein market that will continue to drive business trends, cost of production and even company longevity?
As we review market-based financial statements with our clients and analysts, the question inevitably comes up: “Why is cash flow tight when I am making money?”
Gross incomes for both cattle and hog producers were up double digits from 2020 to 2021, according to a recent report from USDA’s National Agricultural Statistics Service.
Cash-traded weaner pig reported volume was above average this past week, with 37,297 head reported. Cash weaner pig reported prices were $58.24, down $0.91 per head from last week.
2021 was a phenomenal year for pork producers, CoBank’s Brian Earnest says. Live hog value as a percent of retail pork value was nearly 35% at one point. This year appears set to return similar, if not better, results.
Cash-traded feeder pig reported volume was above average this past week, with 18,665 head reported. Cash feeder pig reported prices were $102.57, down $2.44 per head from last week.
A 1.9% year-over-year drop in the U.S. swine breeding herd, combined with ongoing productivity challenges, will limit 2022 U.S. hog slaughter and remain supportive to nearby markets, says Christine McCracken, Rabobank.
China appears to be significantly throttling soybean imports this year to well below recent norms following a record haul last marketing year, which had coincided with a meaningful restoration of its hog herd.
Herd health challenges and higher costs are expected to slow global pork production growth, limiting global pork availability and helping to boost expected hog prices, Rabobank says in its Global Pork Quarterly report.
Chinese hog farmers should return to profit in the third quarter, a farm official said on Wednesday, after more than a year of heavy losses that have eroded rural incomes and curbed demand for some feed ingredients.
Brazilian pork exporters are grappling with a drop in volumes shipped to their main buyer, China, which has increased its pork meat production after an outbreak of African swine fever in 2018.
It is not easy to get a clear handle on how pork producers in the U.S. or any major pork country can mitigate against disruption. Maybe the best strategy is one forced by sensible economic judgment – reduce production.
China stocks closed down on Monday, with investors disappointed about a smaller-than-expected cut in the reserve requirement ratio (RRR) that many felt might not be enough to reverse a sharp economic slowdown.
China posted its highest quarterly pork production in more than three years during January through March, data showed on Monday, reflecting a boost in breeding following a disease-led decline.
Cash-traded weaner pig reported volume was below average this past week, with 26,600 head reported. Cash weaner pig reported prices were $63.20, up $0.15 per head from last week.
Truck drivers from Mexico blockaded bridges at the U.S. border for a second day on Tuesday to protest an order by the Texas governor meant to increase safety inspections.
Inflation has increased the cost of everything over the past 12 months. First described by many economists as transitory, the reality of higher prices and decreased purchasing power of the dollar has persisted.
Cash-traded feeder pig reported volume was above average this past week, with 12,105 head reported. Cash feeder pig reported prices were $111.75, down $6.22 per head from last week.
China’s state planner said on Friday it will buy another 40,000 tonnes of frozen pork for state reserves in its fourth round of stockpiling this year to support prices.
The labor bottleneck isn’t improving for the U.S. pork industry. As pork prices continue to rise, Nick Giordano, NPPC vice president and counsel for global government affairs, said the solution is simple.
“We need action now,” National Pork Producers Council president and Minnesota pig farmer Terry Wolters urges legislative leaders during NPPC’s Legislative Action Conference in Washington DC.
USDA’s March Hogs and Pigs report places the March 1 inventory of all hogs and pigs at 72.209 million head, down about 3% from last quarter and 2.3% from the prior March, compared to pre-report estimates of 1.2% lower.
Cash-traded weaner pig reported volume was below average this past week, with 26,000 head reported. Cash weaner pig reported prices were $72.92, up $1.21 per head from last week.
Global meat consumption will decline as inflation squeezes consumer spending because of the Ukraine-Russian War, says Rupert Claxton, livestock and met director at Gira.
USDA’s March 1 Quarterly Hogs and Pigs Report gives U.S. pork producers reasons for optimism as values came in significantly less than pre-report estimates. Here’s what the experts had to say.
As March prepares to make its exit this week, the U.S. pork industry received some long-awaited news. Dale Moore, executive vice president at AFBF, said it’s absolutely good news during a conversation on AgriTalk.