Hog Prices-Markets
With so many capable leaders working to grow pork export opportunities, it could be tempting to sit back and let them do what they do while pig farmers do what they do. But here’s why they need pig farmers’ help.
Live hog prices have increased substantially since the beginning of the calendar year. Kent Bang of Compeer Financial takes a look at what’s driving these market moves.
The lean hog market has been undervalued for quite some time, says Ted Seifried of Zaner Ag Hedge. He’s optimistic that there is more upside potential for the hog market now.
The December trade data is a little like Christmas for Brett Stuart of Global Agri-Trends. And 2021’s data was a pretty big gift for the pork industry that has been working hard to grow export value and opportunities.
Cash-traded feeder pig reported volume was above average this past week, with 17,760 head reported. Cash feeder pig reported prices were $112.10, up $7.79 per head from last week.
China’s soymeal futures soared to record highs this week on concerns about the scale of South America’s drought-hit soybean crop and tightening meal supplies in domestic markets.
Activist investor Carl Icahn privately threatened a proxy fight for representation on the board of burger chain McDonald’s Corp. He is pushing for better treatment of pigs and wants to ban the use of gestation crates.
Tyson Foods Inc shares climbed more than 11% to an all-time high on Monday after the company reported that first-quarter profits nearly doubled due to soaring U.S. meat prices.
Cash-traded feeder pig reported volume was below average this past week, with 6,700 head reported. Cash feeder pig reported prices were $104.31, up $6.63 per head from last week.
The U.S. pork industry has had a great start in 2022 despite uncertainty from a resurgence of COVID-19 cases that have slowed pork slaughter in some areas. However, producers remain cautious.
Producers may now report unfair or anticompetitive practices in the livestock and poultry industries using a new online tool.
Aldi Inc. filed a price-fixing complaint against several pork processors and Agri Stats.
JBS SA agreed to pay $52.5 million to settle litigation accusing meat-packing companies of conspiring to limit supply in the $63 billion-a-year U.S. beef market in order to inflate prices and boost profit.
Rising costs against a slowing economy threaten margins along pork supply chains, says Chenjun Pan in Rabobank’s latest Pork Quarterly report.
COVID-19 staffing issues at pork processing facilities and trucking challenges have limited slaughter numbers. John Payne, author of Swine Times, shared his view on the market with AgDay TV’s host Clinton Griffiths.
A new USDA Market News Mobile Application will provide the supply chain with instant access to current and historical market information, including over 800 livestock, poultry, and grain reports.
When the final shipments are tallied, 2021 will be a record year for pork exports to Mexico, besting the previous high of $1.5 billion in 2017. USMEF’s Gerardo Rodriguez shares factors driving this record performance.
U.S. Secretary of Agriculture Tom Vilsack announced plans to increase capacity at the Port of Oakland in Oakland, Calif., and improve service for shippers of U.S. grown agricultural commodities.
Cash-traded feeder pig reported volume was below average this past week, with 6,390 head reported. Cash feeder pig reported prices were $97.68, up $1.98 per head from last week.
China suspends pork imports from Italy after African swine fever was detected in a wild boar in the country.
Challenges are often opportunities in disguise, three pork industry leaders expressed during a recent Farm Country Update. Here’s a look at the topic of total pork demand and how to win over the meat case.
Risk management is a hot topic in the hog market. Scott Brown, University of Missouri economist, believes there are more reasons to be concerned about lower prices than optimism about higher prices as he looks ahead.
USDA’s January supply and demand report is calling for lower pork exports. The agency is cutting pork exports by 405 million pounds, AgDay’s Clinton Griffiths reports.
Cash-traded weaner pig reported volume was below average this past week, with 22,757 head reported. Cash weaner pig reported prices were $69.06, up $2.04 per head from last week.
Challenges are just part of the pork industry. There’s no way to avoid them because there’s no way to control every variable. But Chad Leman, an Illinois farmer, says he’s not crying in his napkin yet.
Backed-up pork processing plants. Holding diets. The waiting game. If anything good came out of the pandemic and it’s initial impact on the pork supply chain, Randy Francois said it was hog inventory management.
It’s a prime opportunity to address a gap in the industry, says National Swine Registry CEO Clay Zwilling. Here’s why NSR is moving forward with its first association-based branded pork program, Certified DUROC Pork.
The demand for crocodile meat is exploding in Thailand as local consumers are hit by a spike in the price of pork.
Cash-traded feeder pig reported volume was above average this past week, with 8,775 head reported. Cash feeder pig reported prices were $87.18 up $4.75 per head from last week.
China’s imports of meat fell 5.4% in 2021 from the year before, customs data showed on Friday, as a surge in domestic supply of pork cut demand for overseas supplies.