Hog Prices-Markets
Chinese pork processing giant WH Group Ltd on Monday reported a 7.2% rise in annual profit to $1.043 billion driven by higher sales in the U.S. and Europe.
Brazil’s largest producer of animal protein and largest exporter of poultry, BRF, was authorized by Vietnam to export pork from a Mato Grosso plant. It plans to double its shipments to the Asian country.
Cash-traded feeder pig reported volume was below average this past week, with 8,415 head reported. Cash weaner pig reported prices were $119.89, up $2.02 per head from last week.
The U.S. and the United Kingdom agreed on March 22 to drop retaliatory tariffs on each other’s products as part of trade talks between the two countries.
Mexico is buying up U.S. pork at a rapid pace as outbreaks of PEDV and PRRS shrink herds throughout the country. The U.S. is shipping record amounts of pork to Mexico. With all the wild cards at play, what’s ahead?
China’s pig farmers, suffering record losses due to surging feed costs and weak hog demand, are switching to lower quality grain from pricier soymeal and even selling off assets in a bid for survival.
John Payne, author of The Swine Times, encourages producers to manage risk more than ever, especially with prices where they are.
Carlo Vittorio Ferrari runs a 2,000-head pig farm with his brother in northern Italy. He fears for the future of his fourth-generation enterprise because of the conflict in Ukraine prompting a shortage of feed.
Cash-traded weaner pig reported volume was above average this past week, with 39,615 head reported. Cash weaner pig reported prices were $79.99, up $0.77 per head from last week.
In times of tighter margins, it’s more important than ever to know that you are living within your means. Just as every farm is unique, so is every family’s needs when it comes to living standards.
USDA’s Farm Service Agency (FSA) modified the Spot Market Hog Pandemic Program (SMHPP) eligibility requirements to expand the interpretation of “spot market sales” and “sale to a packer.”
Chinese pork processing giant Henan Shuanghui apologised over food safety issues reported at one of its plants.
Although we will never be fully prepared, we can always be more fully prepared than we are today, said Gene Noem, National Pork Board president, during his opening comments at the National Pork Industry Forum.
Canada has approved the importation of beef and pork from Brazil, which had been blocked over health concerns, authorities from both countries said.
The U.S. Department of Agriculture (USDA) allowed three pork plants to increase processing line speeds this month as part of a trial program, reviving a policy that started under the Trump administration.
Cash-traded feeder pig reported volume was above average this past week, with 14,769 head reported. Cash feeder pig reported prices were $117.71, up $1.86 per head from last week.
UPDATE: WASHINGTON (AP) - Biden: US ban on Russian oil a ‘powerful blow’ to ‘Putin’s war,’ warns Americans ‘defending freedom is going to cost.’
Soaring grain prices in the wake of Russia’s attack on Ukraine are hurting Brazilian meatpackers, but trade disruptions facing Ukrainian and Russian meat producers may be an opportunity to boost Brazil’s global trade.
China’s meat imports in the first two months of the year fell sharply from the same period a year earlier, customs data showed on Monday, as a jump in domestic supplies curbed appetite for international shipments.
Cash-traded weaner pig reported volume was below average this past week, with 23,488 head reported. Cash weaner pig reported prices were $84.90, down $1.27 per head from last week.
Cherkizovo Group, the largest vertically integrated meat producer in Russia, plans to invest more than $150 million in new pig farms and a feed mill expansion to increase its annual pork capacity.
Cash-traded feeder pig reported volume was above average this past week, with 14,120 head reported. Cash feeder pig reported prices were $122.28, up $6.46 per head from last week.
Will the expected sanctions on Russia impact global meat trade and demand? Len Steiner of Steiner Consulting Group posed this question in the Feb. 24 Daily Livestock Report.
Hog producers who sold hogs through a spot market sale during the COVID-19 pandemic now have until April 15, 2022, to submit their applications for the USDA’s Spot Market Hog Pandemic Program.
Pork producers are frustrated by the questions surrounding the USDA’S Spot Market Hog Pandemic Program. Still, IPPA’s Jennifer Tirey urges producers to get their applications in by this Friday, despite the uncertainty.
U.S. pork shipments to Mexico have been incredible, but they aren’t the only ones in that part of the world who are buying U.S. pork. Economist Brett Stuart shares insight on a new growth market for U.S. pork.
Cash-traded weaner pig reported volume was below average this past week, with 36,910 head reported. Cash weaner pig reported prices were $89.69, up $6.22 per head from last week.
The National Pork Producers Council urges the Biden administration to join the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP). The benefits to U.S. exports would be significant, says NPPC’s Maria Zieba.
U.S. soybean exporters have recently made record old-crop sales and new-crop bookings are well above normal, putting an awkward spin on China’s latest claim of sharply reducing soybean demand.
Even though U.S. pork export tonnage was down 2% last year, experts agree 2021 outperformed expectations. Still, with uncertainty in the marketplace, can the 2022 forecast hold promise for growth in export markets?