Hog Prices-Markets
Hog futures have dropped this week as market participants have gone on the defensive following reports of lower-than-expected slaughter and ongoing processing bottlenecks.
Although the export potential may start off small in India, U.S. Meat Export Federation’s president and CEO Dan Halstrom believes the opportunity to tell U.S. pork’s story is a gamechanger.
After decades of work, the world’s second-most populous nation is allowing imports of U.S. pork and pork products. Industry leaders say this presents a major opportunity for U.S. pork producers.
India has agreed to allow imports of U.S. pork and pork products into its country.
The USDA’s December Hogs and Pigs report places the Dec. 1 inventory of all hogs and pigs at 74.2 million head, down about 1% from last quarter and 4% lower than the same time last year.
Cash-traded weaner pig reported volume was below average this past week, with 37,750 head reported. Cash weaner pig reported prices were $64.59 up $3.12 per head from last week.
This data confirms the obvious — there is plenty of income and cash in farm country and is being reflected in the record prices being paid for farmland.
Thailand is banning exports of live pigs for three months to shore up domestic supplies.
A flattening of the U.S. swine breeding herd is supported by the continued pace of sow slaughter, analysts said in the Daily Livestock Report. Here’s a look at sow slaughter in 2021.
Several major U.S. supermarket chains and a food distributor filed a federal lawsuit last week accusing pork processors of conspiring to fix pork prices from at least 2009.
Cash-traded feeder pig reported volume was below average this past week, with 4,160 head reported. Cash feeder pig reported prices were $79.03, up $2.04 per head from last week.
Cattle markets have improved significantly in the final weeks of 2021, with market analysts projecting those positive trends to continue in 2022.
Joe Kerns of Partners for Production Agriculture will address the U.S. global meat and pork outlook at Kansas State University’s 2022 Swine Profitability Conference. Here’s a preview of what to expect.
USDA currently pegs soybean plantings at 87.5 million acres. Market analysts offer projections both above and below that number and explain their rationale, which includes the South America crop and weather forecasts.
The pork industry has wrapped up a pretty good year for the majority of hog producers financially. Market hog prices were strong most of the year, but will 2022 be able to make up for 2021?
A new year brings new opportunities. Economists encourage pork producers to consider these important questions.
Concerns over the COVID-19 variant headlined news last week. Bob Utterback of Utterback Marketing and Mark Gold of StoneX Group both say they are friendly on cattle and hog prices, but caution about outside influences.
Three economists shared their forecasted prices for the year ahead in the Dec. 23 announcement of the Dec. 1 USDA Quarterly Hogs and Pigs Report in a teleconference funded by the Pork Checkoff.
USDA’s Dec. 1 Quarterly Hogs & Pigs Report was a positive one, said University of Missouri Extension economist emeritus Ron Plain, during a teleconference funded by the Pork Checkoff on Thursday. Here’s why.
Cash-traded weaner pig reported volume was below average this past week, with 27,873 head reported. Cash weaner pig reported prices were $61.24, up $2.86 per head from last week.
Despite COVID-19 variants, inflationary pressures and supply chain limitations, consumers will continue to power the economic rebound,
The number pigs on German farms has fallen to the lowest in 25 years and more farmers are giving up pig keeping because of weak demand and low pork prices.
The pork market is a constant mix of headwinds and tailwinds. Your individual viewpoint of where the balance sorts itself out can have a real impact on the outcome, says Clint Schwab of The Maschhoffs.
Pork prices, not industry profits, are rising. Economists reveal that prices are rising due to increased transportation costs, supply bottlenecks and delays and increased labor costs throughout the pork chain.
Taiwan’s opposition suffered a setback on Saturday after voters rejected four referendums, including one asking whether to ban imports of pork containing ractopamine.
Four economists weigh in on the 2022 pork outlook and share their advice for pig farmers heading into the new year.
Cash-traded feeder pig reported volume was above average this past week, with 9,150 head reported. Cash feeder pig reported prices were $76.25, up $2.51 per head from last week.
Chicago Mercantile Exchange live cattle futures fell more than 1% on Wednesday on technical selling, softer cash cattle markets this week and worries about export demand for U.S. beef, traders said.
Although red meat exports are on a record pace in 2021, shipping delays and obstacles remain a major concern for exporters and their international customers.
USDA launched a new program to assist hog producers who sold hogs through a negotiated sale during the period in which these producers faced the greatest reduction in market prices due to the COVID-19 pandemic.