Hog Prices-Markets
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.
As June 29 approaches – the date a federal judge’s ruling is set to go into effect striking down harvest facility line speeds under the USDA’s NSIS – the industry is bracing for a loss of 2.5% in plant capacity.
A federal district court ruling, if left unchallenged, will result in a 2.5% loss in pork packing plant capacity nationwide and over $80 million in reduced income for small U.S. hog farmers, says economist Dermot Hayes.
The latest Sterling Profit Tracker shows farrow-to-finish operations are seeing $91 per head profits. It is an improvement of nearly $148 from a year ago, when producers were losing more than $57 per head.
After JBS confirmed a cyberattack shuttered some of its processing plants, USDA’s daily cattle slaughter estimates revealed 94,000 head of cattle were processed on Tuesday, a drop of 27,000 head compared to last week.
Less than two weeks after JBS was hit with a cyberattack impacting operations in Australia and North America, Congress is now calling on JBS to provide documents and communications related to the May 30 attack.
The U.S. inflation rate is 5.0% for the year ended May 2021. Congress is debating a spending bill and stimulus package. With more money pumped into the economy, Kent Bang says we should prepare for further inflation.
To preserve industry competition, NPPC is calling for a longer stay of the court order or waivers allowing pork plants impacted by a federal district court ruling to continue operating as is until a solution is reached.
A Philippines bank is working with the Department of Agriculture and hog industry stakeholders in the country to increase pork production to meet consumer demand and stabilize prices of the popular meat.
Cash-traded feeder pig reported volume was above average with 9,800 head reported. Cash feeder pig reported prices were $72.36, up $1.72 per head from last week.
German pig prices fell sharply this week as a slump in Chinese prices undermined international markets, industry sources said on Friday.
Four economists take a look at the issues most likely to spark attention in the upcoming USDA Quarterly Hogs & Pigs Report to be released on June 24.
Gerardo Rodriguez will never forget the day he watched a customer in front of him at the convenience store purchase a Coke and Twinkies. He couldn’t help but think the pork industry could create a better snack option.
Pork demand. Inflation. ASF recovery in China. Consumer spending. Pandemic effects. The issues affecting the pork outlook go on and on. Five economists share perspectives on what’s coming in the second half of 2021.
Cash-traded feeder pig reported volume was below average this past week, with 5,985 head reported. Cash feeder pig reported prices were $72.39, down $7.74 per head from last week.
Rep. Glenn “GT” Thompson (R-Pa.), ranking member of the House Ag Committee, says USDA’s decision not to appeal the pork line speed ruling is a huge mistake.
U.S. Meat Export Federation representatives from around the globe offer insights to how markets are changing heading into a post-pandemic era.
From animal disease to ghost kitchens, Purdue University professor Jayson Lusk pointed out nine issues to watch out for in the years ahead that could impact the pork supply chain following the COVID-19 pandemic.
Thailand denied on Sunday that pigs exported to Vietnam earlier this month were infected with the African swine fever prior to departure.
Wanda Patsche, a pig farmer from southern Minnesota, said she would hate to think that the industry might have to go through what it did a year ago.
Cash-traded weaner pig reported volume was below average this past week, with 34,000 head reported. Cash weaner pig reported prices were $48.56, up $0.62 per head from last week.
Vietnam will suspend the import of live pigs from Thailand following the discovery of African swine fever in a batch of imported hogs this month, the government said in a statement on Friday.
After 20 years of testing and science-based modernization, the recent federal district court ruling to strike down a provision of USDA’s New Swine Inspection System is a devastating blow to the swine industry.
The past few years have been incredibly difficult for hog farmers, Phil Borgic writes. Now, just as we are returning to normalcy, another looming disaster threatens my livelihood and the prosperity of farmers like me.
As the country emerges from the COVID-19 pandemic, how will the pork industry be affected? Purdue University professor Jayson Lusk shares three potential disruptors that the industry could encounter.
Profit margins for pork producers declined nearly $14 per head last week, yet those margins remain near historical highs. Pork packer margins remain in the red.
Cash-traded feeder pig reported volume was below average this past week, with 5,400 head reported. Cash feeder pig reported prices were $79.78, down $8.07 per head from last week.
German pig prices rose this week as restaurants reopened in Germany with the easing of coronavirus lockdowns and EU exports continued to compensate for lost sales to China.
Eat Just Inc., a San Francisco-based maker of plant-based egg products, raised $170 million in new funding to help expand its cell-based meat subsidiary.
China’s live hog futures fell nearly 5% on May 19, hitting the lowest level since their January launch, as weak spot prices and expectations of improved production weighed on the market.