Hog Prices-Markets
In 2020, the U.S. exported $1.6 billion of pork products to Japan – a 6.7% increase from 2019 – making Japan the No. 2 overseas market for U.S. pork. Here’s USDA’s GAIN update on the U.S.-Japan Trade Agreement.
Skyrocketing pork prices, a shortage of packing plant workers and flat domestic consumption are all contributing to a multitude of dynamics in the pork market. John Payne shared his view on the market with AgDay TV.
Vietnam’s pork production is on a rapid path to recovery after African swine fever decimated its herd in 2019. Although outbreaks continue to recur, most are sporadic, small-scale and quickly contained, USDA said.
Retail pork prices set an all-time high in April at $4.32 per lb, up 3.8% from March and 11% higher than last year. Retail prices for Choice beef reached $6.76 per lb, up 4.2% from March and 4.8% from a year ago.
Cash-traded weaner pig reported volume was below average this past week, with 31,905 head reported. Cash weaner pig reported prices were $47.02, down $3.26 per head from last week.
Taiwan’s election commission approved on Friday the holding of three referendums in late August that could affect both the island’s relations with the U.S. and its energy security if they are passed.
Everyone wants to know the magic formula to reduce pig diet costs. With corn and soybean prices skyrocketing, it’s a hard question with no easy answer. Three nutritionists share their recommendations to reduce costs.
“The old adage that ‘it is sometimes better to be lucky than good’ could apply to global hog markets in 2021,” Rabobank said in its latest report. Analysts summarized six key issues driving prices this year.
High feed prices. The ongoing global spread of African swine fever. Trade challenges. There certainly is no shortage of potential supply-chain disrupters for the pork industry in a post-COVID-19 world.
Cash-traded feeder pig reported volume was below average this past week, with 4,840 head reported. Cash feeder pig reported prices were $80.81, down $12.32 per head from last week.
Chinese buyers bought 1.36 million tonnes of U.S. corn, matching their seventh biggest ever purchase of U.S. supplies of the grain, the U.S. Agriculture Department said on Friday.
A tradition for more than 100 years will now be a thing of the past. The CME Group announced this week it’s not reopening the open outcry pits on the trading floor, which means the tradition will be gone for good.
March beef and pork exports each posted the highest monthly value on record. Pork exports and shipments of beef muscle cuts also set new volume records in March.
Vietnam needs pork and U.S. pork producers have the answer. Unfortunately trade barriers continue to stand in the way. On May 5, lawmakers sent a letter to U.S. Trade Representative Katherine Tai seeking her support.
Cash-traded weaner pig reported volume was below average this past week, with 40,250 head reported. Cash weaner pig reported prices were $50.56, down $0.38 per head from last week.
What’s driving higher prices? Pork product demand. Kent Bang of Compeer Financial explores the factors that have affected demand and the headwinds that impact product delivery to consumers today and in the future.
Germany is hopeful of progress in its efforts to persuade China to relax import bans on German pork imposed after African swine fever was found in the country, Germany’s agriculture minister said on Wednesday.
Danish Crown plans to cut up to 100 jobs at a slaughterhouse in Germany as an African swine fever (ASF) outbreak dating back to September 2020 continues to prevent exports outside of the EU.
Even though spring brought a period of high profitability, the supports holding up the profit performance of the pork industry are subject to some weakness, says columnists Dennis DiPietre and Lance Mulberry.
Cash-traded feeder pig reported volume was below average this past week, with 7,245 head reported. Cash feeder pig reported prices were $99.70, down $1.61 per head from last week.
China’s top pig producers are set to report a plunge in first-quarter profits from the huge gains of last year, after hog prices fell, and disease, more expensive feed and poorly performing sows further eroded earnings.
A federal judge in Minnesota granted another class action pork price-fixing settlement between JBS USA and Commercial and Institutional Indirect Purchaser Plaintiffs on April 15.
Cash-traded weaner pig reported volume was below average this past week, with 40,200 head reported. Cash weaner pig reported prices were $53.33, down $0.29 per head from last week.
China’s first-quarter pork production rose 31.9% from a year earlier to 13.69 million metric tons, data showed on Friday, the highest quarterly volume in two years.
Bottom line: There’s a big opportunity for the U.S. pork industry in Asia. NPPC’s Maria Zieba joined Chip Flory on AgriTalk to discuss the recent announcement from the Philippines.
What do the blockage of the Suez Canal for several days and the run on feta cheese resulting from a recipe that went viral have in common? They both place unexpected stresses on supply chains.
When finalizing tax documents, you might find yourself thinking about the tax dollars you could have invested back into your farm. One way you might make those dollars work for you is to contract grow pigs.
Columnist Kent Bang of Compeer Financial outlines five of the main factors impacting the cost of pork production today and ideas to consider to control the rising cost of production.
Anticipation of a return to normal is in the air, CoBank’s Knowledge Exchange said in its latest quarterly report. But for the economy and rural industries, there will be no going back to pre-COVID conditions.
China imported 1.02 million metric tons of meat in March, customs data showed on Tuesday, the highest monthly volume since at least January 2020, as the world’s biggest meat buyer stocked up to fill shortages at home.