Hog Prices-Markets
While there are lots of reasons to believe ASF in the Dominican Republic is not a sure sign it will penetrate the U.S. industry, still, everyone has become focused on it and how slippery it is to contain.
Reports of African swine fever outbreaks around the world are picking up. Bulgarian authorities reported an ASF outbreak on a commercial farm with 13,000 pigs in the central village of Apriltsi.
The Philippines’ agriculture ministry says active cases of African swine fever are declining and confined to less than 1% of the nearly 3,000 villages that recorded outbreaks since the first cases detected in 2019.
China’s sow herd declined for the first time in nearly two years, contracting 0.5% in July from the previous month, state media said, after a plunge in hog prices pushed many farmers to get rid of unproductive sows.
Mexico is allowing a Smithfield Foods’ hog plant in North Carolina, the world’s biggest, to resume shipments of pork products after blocking them two months ago over quality concerns, according to the USDA.
Cash-traded weaner pig reported volume was below average this past week, with 38,240 head reported. Cash weaner pig reported prices were $42.50, down $0.22 per head from last week.
Dean Meyer depends on red meat exports in more ways than one. On his farm near Rock Rapids, Iowa, he grows corn, soybeans, cattle and hogs. A new study backs up why red meat exports help corn and soybean farmers.
German pig prices were unchanged this week despite the discovery of the disease African swine fever (ASF) in farm animals, German animal farmers’ association VEZG said.
Two class action law firms said they reached a $20-million settlement with JBS USA regarding a pork price-fixing case with indirect buyers.
Cash-traded weaner pig reported volume was above average this past week, with 63,675 head reported. Cash weaner pig reported prices were $40.55, up $1.56 per head from last week.
Export markets are starting to look weak, particularly exports to China, says Rob Murphy of J.S. Ferraro & Company. He shared his perspective on what’s ahead in the third quarter of 2021 during a recent webinar.
Producer profitability has been phenomenal lately, but how long will it last? Rob Murphy, J.S. Ferraro & Company, shared his perspective on what’s ahead in the third quarter.
China’s hog prices will continue to rebound in the short term, an official from the country’s state planner said on Monday, after a decline in the number of pigs born at the start of the year.
Cash-traded feeder pig reported volume was below average this past week, with 2,750 head reported. Cash feeder pig reported prices were $63, up $2.10 per head from last week.
CoBank says challenges brought on by COVID-19 will speed up automation throughout many sectors of the supply chain. Here’s a deeper look at the animal protein industries in CoBank’s latest report.
China’s second-quarter pork production surged to its highest in at least seven years, after producers launched thousands of new breeding farms last year to rebuild a hog herd decimated by African swine fever.
Smithfield Foods said on Wednesday it will pay $83 million to settle litigation that accused several companies of conspiring to limit supply in the U.S. pork market to inflate prices and their own profits.
Cash-traded feeder pig reported volume was above average this past week, with 10,135 head reported. Cash feeder pig reported prices were $63.34, down $4.02 per head from last week.
China’s live hog futures fell to a weekly low on Friday, erasing some gains made earlier in the week, as ample pork supplies weighed on prices.
Taiwan will postpone four referendums due late next month because of fears about the spread of COVID-19, as the government raced to contain a new outbreak at a Taipei wholesale food market.
The pork industry is celebrating the one-year anniversary of the U.S.-Mexico-Canada Agreement with increased U.S. exports in the first quarter of 2021 in both Canada and Mexico.
Taiwan’s chief trade negotiator said he told the U.S. he hopes the two can sign a free trade agreement, a deal which would be a strong show of U.S. support in the face of relentless Chinese pressure against the island.
It’s been quite a year for price versus slaughter relationships, says Kevin Grier of Kevin Grier Market Analysis and Consulting following the Hogs and Pigs Report. Three ag economists share their forecasted prices.
When it comes to swine disease, the pork industry is taking a hard look at national biosecurity from movements of pigs throughout the country to feed systems.
The USDA’s June Hogs and Pigs report places the June 1 inventory of all hogs and pigs at 75.7 million head, up about 1% from last quarter and down 2% from a year ago, consistent with pre-report expectations.
A look at newsworthy headlines in the pork industry from new products to market expansions.
Three industry-leading producers share their thoughts on the top issues facing pork producers right now — margin volatility, labor, and meat quality improvement and innovation.
Cash-traded weaner pig reported volume was below average this past week, with 44,108 head reported. Cash feeder pig reported prices were $44.49, down $1.76 per head from last week.
Is California prepared for a pork shortage to hit on Jan. 1? With nearly 99.8% of pork consumed in California coming from out of state, experts say Proposition 12’s impact will be far greater than many realize.
We are about ready to enter the next phase of the pandemic whipsaw with respect to prices. Pork producers are facing very high feed costs and market hog prices, which are beginning the inevitable re-entry back to Earth.