Hog Prices-Markets
![“Asian exporters are paying premium shipping rates, sometimes 10 times what the rate is for going from the [United] States back to Asia, and this shipping rate disparity incentivizes sending back those empty containers,” Borror said.](https://assets.farmjournal.com/dims4/default/92c7bcd/2147483647/strip/true/crop/840x561+0+19/resize/250x167!/format/webp/quality/90/?url=https%3A%2F%2Ffj-corp-pub.s3.us-east-2.amazonaws.com%2Fs3fs-public%2F2021-02%2FExport-ship-840.jpg)
ASF has had a dramatic impact on pork production in the Philippines, where agricultural officials are considering a number of options for bolstering pork supplies and stabilizing prices.
Senate Agriculture Committee Chairwoman Debbie Stabenow (D-Mich.) says she supports the Biden Administration’s move to freeze payments under the Coronavirus Food Assistance Program (CFAP).
USDA late Wednesday posted notice that $2.3 billion in supplemental Coronavirus Food Assistance Program (CFAP) payments will be temporarily frozen.
Flexibility remains critical for animal protein industry, CoBank says, as foodservice sales are not likely to reach pre-pandemic levels before mid-2022.
President Joe Biden’s trade team is coming together, and it looks to be stacked with individuals who were key in crafting the U.S. Mexico Canada Agreement (USMCA).
People in Beijing are grumbling over high prices for pork ahead of the Lunar New Year as lockdowns in a neighboring province to prevent the spread of COVID-19 has disrupted deliveries to the Chinese capital.
The volume of pork exported by the European Union (EU) during the first ten months of 2020 exceeded the record volume of pork exported in all of 2019.
China’s pork output fell less than expected last year as it recovered from the impact of an incurable hog disease that depleted breeding stock.
The Philippines is aiming to triple pork imports this year, the agriculture minister said, after domestic prices jumped more than 50% from a year earlier as African swine fever decimated hog populations.
In addition to payment, the deal includes a pledge from JBS to cooperate against other pork processors named as defendants.
It’s been an interesting start to 2021. COVID-19 cases are still surging and the political and market landscape has changed dramatically. CoBank shares their latest pork outlook.
Swine producers with approved CFAP 1 applications will soon automatically receive a “top-up” payment of $17 per head increasing the total CFAP1 inventory payment to $34 per head.
Driven by higher estimates for pork, the China total meat import forecasts were revised up for both 2020 and 2021, according to the USDA Livestock and Poultry World Markets and Trade report.
No ractopamine has been detected in the first batch of American pork imports since the country lifted a ban on U.S. pork containing the feed additive, but Taiwanese consumers are still turning away from imported pork.
Beef exports posted one of the best months on record in November. It was also a strong month for pork exports – which already set new full-year volume and value records, even with December results still to be added.
China’s newly launched live hog futures tumbled to reach limit down on their second day of trading on the Dalian Commodity Exchange on expectations that the hog herd size will increase as new farms start up.
China’s live hog futures tumbled in their debut on the Dalian Commodity Exchange, with analysts attributing the sell-off to the contract’s high listing price and expectations of increasing supplies.
Jason Franken, agricultural economist at Western Illinois University and contributor to the University of Illinois farmdoc team, weighs in on the USDA’s December Hogs and Pigs report.
Despite guidance from international health organizations stating imported food shipments are an unlikely source of COVID-19 transmission, the Chinese government implemented sample testing procedures at ports of entry.
When it comes to meat export markets, particularly pork, 2020 was a year to remember. Here’s why 2021 holds promise for both U.S. pork and beef export opportunities.
In USDA’s Dec. 1 Quarterly Hogs & Pigs Report, analysts said the decline of the breeding herd stood out as one of the more important numbers, and spoke to the uncertainty of overall supplies for summer and fall 2021.
Agricultural economists shared their forecast prices for the next several quarters following the Dec. 23 announcement of the Dec. 1 Quarterly Hogs and Pigs Report in a teleconference funded by the Pork Checkoff.
2020 was filled with a lot of bumps in the road for the U.S. pork industry, but announcements made during the final days of the year offer great hope to pork producers as they look at what’s ahead.
There’s no doubt about it, the feed situation has changed drastically in the last couple of months, said Illinois hog farmer Chad Leman on AgriTalk’s Farmer Forum.
The industry appears to be set for another year of large hog supplies that will stretch processing capacity and pork demand, says University of Missouri economist Scott Brown.
The coronavirus aid package approved by Congress overnight Monday provides $13 billion in ag funding, much of it destined for sectors left out of previous aid packages.
“The early part of the year should look very different than the latter, but in total, economic growth is estimated to be about 4%, following a retreat of roughly 4% in 2020,” says Dan Kowalski.
Soybean prices surpassed the $12-mark last week, taking away from margins in pork production. So, what can U.S. pork producers do to lessen the impact of high soybean prices?
Price risk has become more volatile and is a critical management function in the pig business. Managing both revenue and feed cost risks are vital to success. In the end, it comes down to a strong risk management plan.
The competition is heating up around the world as more countries look for ways to fill the pork protein gap caused by the after-effects of the deadly ASF virus. Experts share how the U.S. can grow exports.