Hog Prices-Markets
Buffalo Wild Wings, Jimmy John’s and Sonic Drive-In, all of which are owned by the Atlanta-based Inspire Brands, have filed federal lawsuits against a host of pork producers, Restaurant Business reports.
No rock is being left unturned to move pigs right now, says Illinois pig farmer Thomas Titus. With packing plants closing and slowing down temporarily, pig farmers are faced with unprecedented decisions.
During the pandemic, everyone had to get more creative on how to reach consumers, says Lucia Ruano, U.S. Meat Export Federation (USMEF) representative in Central America and the Dominican Republic.
China’s huge hog sector is struggling with excess production after millions of small, often first-time, pig farmers entered the industry to capitalise on record profits during a swine-fever related shortage.
The pork industry is still evolving out of the rubble of the coronavirus pandemic, says Lee Schulz, an Iowa State University economist. But certainly, more optimism abounds in the U.S. pork outlook heading into 2022.
Cash-traded weaner pig reported volume was below average this past week, with 33,830 head reported. Cash weaner pig reported prices were $50.81, down $1.14 per head from last week.
The price shoppers pay for items like meat at the grocery store are expected to continue the rapid rise. An updated Consumer Price Index shows wholesale beef prices could increase 20% this year.
An oversupply of pork in China is turning heads and bringing up a lot of questions about the future of pork exports to the world’s largest consumer of pork.
The concept of “goal-based marketing” is easy to understand. The strategy links the sale of crops or livestock to a goal for your business.
Economic recovery from COVID-19 remains challenged by various supply-side constraints. These constraints are not only slowing down economic activity, they are pushing up prices which will negatively impact consumption.
The Mexican pork industry is at a crossroads, says Christine McCracken of Rabobank. The industry has made great changes from a low-tech, fragmented production sector to a globally competitive pork supplier. What’s next?
Cash-traded weaner pig volume was below average this week with 33,290 head being reported which is 79% of the 52-week average. Cash prices were $51.95, up $1.77 from a week ago.
Politicians at the federal and in (some) states are playing a giant Jenga game with the integrated supply chains and national defense of this nation. You pull out the wrong piece and the whole system collapses.
China is now allowing imports of breeding pigs from Ireland.
China’s third-quarter pork production surged to its highest in three years, official data showed on Monday, after producers built thousands of large breeding farms last year to rebuild a hog herd decimated by ASF.
Cash-traded weaner pig reported volume was below average this past week, with 35,650 head reported. Cash weaner pig reported prices were $50.18, down $1.34 per head from last week.
The industry has been through a lot of challenges with COVID-19 and a difficult year for PRRS. As we get those issues behind us, focusing on production metrics, enterprise analysis and future direction is critical.
Although pent-up demand has been a tailwind for the U.S meat industry in recent months, CoBank said the full effect of inflation is expected to test consumers’ appetite for meat during the fourth quarter.
Neil Dierks, CEO of the National Pork Producers Council, says his industry colleagues in other parts of the world often remind him how significant livestock mandatory reporting services are to the U.S. pork industry.
China’s live hog futures surged more than 7% on Monday to hit a one-month high, tracking spot prices and helped by government stockpiling and falling sow inventory.
Cash-traded feeder pig reported volume was below average this past week, with 5,050 head reported. Cash feeder pig reported prices were $73.67, down $0.23 per head from last week.
Rep. Jim Hagedorn (R-Minn.), brings up the Biden Administration’s hypocrisy with processing expansion plans, but no action on pork line speed ruling during the House Ag Committee’s hearing on Oct. 7.
When he was a child in Avila province, Albert Pascual’s father bought 100 pigs, but the company he now leads has more than 9,000, part of an expansion that’s put Spain on track to take over as EU’s top pork producer.
From a bullish Hogs and Pigs Report to news of a new ASF vaccine candidate, there’s some price-positive news flowing now. AgriTalk’s Chip Flory visits with Terry Wolters about how pig farmers will respond.
Bacon prices are the highest they’ve been in 40 years. The latest Hogs and Pigs report shows some contraction. Jim McCormick of AgMarket.net joins AgDay TV to discuss what’s ahead for the pork market.
Cash-traded weaner pig volume was below average this week with 38,715 head being reported, which is 90% of the 52-week average.
Britain’s farming industry has warned that hundreds of thousands of pigs may have to be culled within weeks unless the government issues visas to allow more butchers into the country.
China’s huge livestock sector is facing a hike in feed costs as the country’s worst power outages in years forces soybean crushing plants to close, driving down supplies and sending prices higher.
U.S. Meat Export Federation Economist Erin Borror said the proposed rate reduction is a step in the right direction that will narrow the tariff disadvantage U.S. pork faces in this price-sensitive market.
The hog market looks very encouraging going forward, says AgriTalk host Chip Flory. But are producers feeling that incentive to go out and grow the total hog supply?