Hog Prices-Markets
Pork consumption has not gone down in Taiwan since the lifting of the ban on Jan. 1 of ractopamine-fed pork imports from the U.S.
The German pork market is starting to recover after being hit last year by widespread import bans on German pork after African swine fever was found in the country and COVID-19 outbreaks reduced slaughterhouse capacity.
African swine fever and COVID-19 pressures continue to lead the pack as the major change drivers in the 2021 global pork market. Here’s a look at the key issues RaboRank analysts are keeping a close watch on this year.
The Senate has scheduled a vote on Tom Vilsack’s nomination for Secretary of Agriculture on Feb. 23. In early February, the Senate Agriculture Committee unanimously approved President Biden’s pick to lead USDA.
It may only be February, but it’s clear the year won’t be without challenges as feed costs continue to rise. As both corn and soybean meal prices surge, here are five ways to reduce their impact on your bottom line.
Exports to China were monumental for the U.S. pork industry in 2020. Understandably, everyone wants to know how their pork industry recovery is coming along. Brett Stuart of Global AgriTrends shares his perspectives.
Economist Brett Stuart of Global AgriTrends forecasts 2021 pork exports down 2%, but on the back of the growth the industry saw in 2020, he says that’s still a pretty big victory. Here’s why.
The Philippines plans to increase pork imports this year to roughly 400,000 tonnes, more than double the initial proposal, as it seeks to cover a domestic shortfall that has pushed market prices higher.
Although 2020 was a hard year to find the good news, AgriTalk host Chip Flory said pork exports were definitely one of those good stories. On Monday, he discussed the 2020 report with National Pork Board’s Norman Bessac.
China’s most-active hog futures contract surged more than 4% on Monday and shares of the country’s biggest pig producer rallied after recent reports highlighted severe disease outbreaks in the world’s largest pig herd.
Despite everything 2020 has thrown at the pork industry, Scott Brown, University of Missouri ag economist, says hog production is lining up reasonably well right now. He shared his thoughts on what’s ahead on AgriTalk.
Cash-traded weaner pig volume was below average this week.
Looking at hog sales in September 2019 using October 2019 futures the weaner breakeven was $64.79, up $17.47 for the week.
Looking at hog sales in October 2019 using October 2019 futures the weaner breakeven was $99.70, up $12.61 for the week.
Looking at hog sales in November 2019 using December 2019 futures the weaner breakeven was $93.71, down $9.73 for the week.
Cash traded weaner pig volume was above average this week with 40,500 head being reported which is 103 percent of the 52-week average. Feeder pig reported volume was below average for the week, with 7,705 head reported.
Looking at hog sales in November 2019 using December 2019 futures, the weaner breakeven was $83.27, down $2.03 for the week.
Looking at hog sales in December 2019 using December 2019 futures the weaner breakeven was $58.60, up $0.76 for the week.
The estimated weaner pig profit opportunity is calculated by comparing the weaner pig cash price to the weaner breakeven. The profit potential decreased $6.54 this week to a projected gain of $13.87 per head
Cash traded weaner pig volume was above average this week. Cash prices were $32.64, down $3.91 from a week ago.
Cash traded weaner pig volume was above average this week, as cash prices were $31.92, down $0.72 from a week ago.
The profit potential decreased $3.77 this week to a projected gain of $8.86 per head.
Cash traded weaner pig volume was above average this week with 61,355 head being reported which is 149 percent of the 52-week average. Cash prices were $34.05, up $1.73 from a week ago.
Cash-traded weaner pig volume was above average this week with 69,840 head being reported which is 129% of the 52-week average.
Cash-traded weaner pig volume was below average this week with 46,650 head being reported which is 90% of the 52-week average.
Cash-traded weaner pig volume was below average this week with 41,830 head being reported which is 81% of the 52-week average. Cash prices were $61.48, up $3.01 from a week ago.
Cash-traded weaner pig volume was below average this week with 33,605 head being reported which is 63% of the 52-week average.
Cash-traded weaner pig reported volume was above average this past week, with 53,200 head reported.
A surge in hog disease outbreaks this winter in China, the world’s biggest pork producer, will slow the industry’s rapid recovery since the African swine fever contagion three years ago.
Whether it’s to fulfill Phase One promised, or an increased need for feed, some say the timing of the record Chinese buys isn’t a coincidence. So, what’s driving the record demand from China?