Hog Prices-Markets
In a move that should alleviate some of the tight pork packing capacity and supply chain issues, the USDA will again allow some plants to run faster harvesting line speeds. NPPC’s Andrew Bailey weighs in on what’s next.
France has signed an agreement with China to ensure pork trade can continue even if an outbreak of African swine fever occurs, in a breakthrough for European countries threatened by the pig disease.
Although COVID-19 affected hog slaughter volume in every region of the U.S at the beginning of the pandemic, a new study says the magnitude of the change in slaughter and the trajectory of recovery differed.
Cash-traded weaner pig reported volume was above average this past week, with 45,750 head reported. Cash weaner pig reported prices were $55.51, down $0.89 per head from last week.
Livestock producers have to deal with headaches on a day-to-day basis, and with tax season coming, those headaches could soon escalate. Gene Marks says two tax credits are available that could save thousands of dollars.
China’s soybean imports rose sharply in November from the previous month, as more shipments from the United States arrived during the peak North American export season, customs data showed on Tuesday.
Cash-traded feeder pig reported volume was above average this past week, with 10,250 head reported. Cash feeder pig reported prices were $78.33, up $2.24 per head from last week.
JBS Australia’s proposed AU$175 million acquisition of pork processor Rivalea Holdings will not be opposed by the Australian Competition and Consumer Commission.
FTC orders Tyson Foods, Inc., Walmart, Amazon, Kroger and other large wholesalers and suppliers to turn over information to help study causes of empty shelves and sky-high prices.
Preventing foreign animal diseases, addressing a shortage of agricultural workers and reauthorizing a livestock price reporting law top the list of issues pork producers will virtually take to Capitol Hill this week.
Cash-traded weaner pig reported volume was below average this past week, with 25,684 head reported. Cash weaner pig reported prices were $54.78, up $1.35 per head from last week.
Improved market access and rising incomes have helped fuel tremendous growth in red meat consumption in Korea. In the last 30 years, the U.S. has succeeded in positioning itself as a major supplier of protein to Korea.
Russia will resume beef and pork imports from 12 subsidiaries of Brazilian producers from Nov. 25, its agriculture safety watchdog said.
One result of the pandemic was a spike in savings rates. In the U.S. last April, Americans collectively saved a record 30% of their income. John Phipps looks at China’s savings rate and what it’s meant for exports.
Cash-traded feeder pig reported volume was above average this past week, with 9,625 head reported. Cash feeder pig reported prices were $69.93, up $2.59 per head from last week.
How are investments in agriculture paying off at the grocery store and boosting local economies?
Vietnam will lower its Most Favored Nation tariff on imported frozen pork to 10% from 15% with an expected implementation date of July 1, 2022. Better market access to Vietnam has been one of NPPC’s top trade priorities.
Tyson Foods Inc beat quarterly profit estimates on Monday and forecast fiscal 2022 revenue above market expectations on rising meat prices and improving demand from restaurants that reopened after COVID-19 restrictions.
Masks. Blood. Pigs’ feet. There’s a world of opportunities out there to capture more value from the pork carcass, says Dermot Hayes, an Iowa State University economist.
Cash-traded weaner pig reported volume was below average this past week, with 19,078 head reported. Cash weaner pig reported prices were $53.74, up $0.58 per head from last week.
Hog prices in Mexico moved lower seasonally but remain 19% ahead of 2020 levels and the five-year average. Rabobank’s Christine McCracken weighs in on Mexico’s fourth quarter outlook.
A new study provides critical insights on how U.S. pork can differentiate itself in the global export market. What are international customers really looking for?
Both U.S. beef and U.S. pork exports are on a record pace through September, according to data released by USDA and compiled by the U.S. Meat Export Federation.
After six months of losses, will Chinese pork producers be forced to cull their herd or exit the market entirely?
Cash-traded feeder pig reported volume was below average this past week, with 7,400 head reported. Cash feeder pig reported prices were $69.80, down $2.30 per head from last week.
Tyson Foods’ pork processing plant in Columbus Junction, Iowa, has suspended operations for a week beginning Monday due to more than two dozen cases of COVID-19 confirmed at the facility.
Closures and shutdowns are still leaving many producers struggling with what to do with their hogs. One producer resorted to Facebook to sell hogs.
America has an abundance of livestock, but U.S. hog producers need harvest facilities up and running to convert that abundancy into food, explained Smithfield Foods CEO and president Kenneth Sullivan on Fox News.
As the world continues to emerge from the pandemic, global hog producers are facing a more challenging outlook, says Christine McCracken, animal protein analyst, in the Rabobank Q4 2021 Pork Quarterly report.
China’s vegetable production is basically normal and it has enough wheat to meet demand for one and a half years, officials say, in a further effort to reassure the public there is no need to worry about shortages.