Hog Prices-Markets
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.
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.