Hog Prices-Markets
Soaring prices have reduced Chinese consumers’ ability to buy pork.
While there are many factors at play, improving exports and packer competition are driving prices higher.
The emotional toll of farming today is weighing on many livestock producers and farmers.
Lower income continues to strain working capital and more farms are becoming highly leveraged.
If any safeguards trigger, the tariff increases will apply only to countries that do not have a free trade agreement with Japan, which includes the U.S.
China’s Ministry of Agriculture and Rural Affairs urges credit providers to provide credit guarantee services to breeding and large-scale farms.
Pork producers will find some relief in the near future from the impact of the U.S. trade dispute with China. On Thursday, the Trump administration announced a trade relief package for farmers.
NPPC seeks solution for historic China sales opportunity.
USDA releasing its Quarterly Hogs and Pigs report.
A new outbreak of African swine fever was confirmed in Sichuan province in southwest China after a truck carrying pigs was stopped on a highway.
President Donald Trump’s State of the Union address Tuesday urged cooperation in pursuing resolution to the ongoing trade disagreements with China, reports Jim Wiesemeyer of Pro Farmer.
Access to foreign markets hinges on compliance with new standards
Livestock farmers achieved an unprecedented victory when President Donald Trump signed the 2018 Farm Bill Thursday afternoon.
China’s pork prices are likely to climb next year due to the tight supply from the continuing spread of African swine fever in China.
The pork industry’s economic resilience is being challenged on all fronts.
President Donald Trump said he would terminate the North American Free Trade Agreement and sign a new trade accord with Mexico, potentially leaving Canada out of the bloc.
Pres Trump and European Union leaders announced Wednesday they have agreed to work toward “zero tariffs” and “zero subsidies” on non-automobile goods, including buying more US soybeans.
Will Trump’s unpredictability on trade pay off for agriculture?
Jerry Gulke provides the rest of the story behind some of the issues in agricultural commodity markets in hopes it will provide information to help readers make better management decisions.
We have export sales to mull over, but outside of that, the most important scheduled news on the docket will be the Quarterly Hogs and Pigs Report, which will be issued after the closes on Friday.
Looking at hog sales in May 2018 using May 2018 futures, the weaner breakeven was $67.29, down $0.15 for the week. Feed costs were down $0.56 per head.
Feed costs were down and May futures were up, creating a better breakeven price for sellers of weaner pigs this week. Cash feeder pig prices were higher too, at $47.78, up $4.64 from the previous week.
Starting Dec. 7, the U.S. Department of Agriculture’s Agricultural Marketing Service will publish new Daily Prior Day Hog Purchase Reports through its Livestock Mandatory Reporting Program.
Many people would like to push fast forward to 2021 and forget 2020 ever happened. Will 2021 be a better year for the U.S. pork industry? Most economists think so, but will admit that’s what they thought last year.
The first shipment of breeding pigs to utilize the Livestock Export and Inspection Facility at St. Louis Lambert took off for Sao Paulo, Brazil on Nov. 11, making history as they left aboard a Boeing 747-400F.
On Nov. 9, more than 200 local meat and poultry processors in Iowa were awarded Meat Processing and Expansion Grants from the Iowa Department of Agriculture and Land Stewardship.
Agricultural producers and professionals focused on livestock risk management are invited to a free webinar on livestock markets, price risk and risk management options available through USDA.
Pork exports continue to maintain a record pace in 2020, increasing 10% year-over-year in September. Beef exports were fairly steady with last year in major Asian markets, but trended lower overall.
Although no one holds a crystal ball to shed light on exactly what a new year will bring, five economists in the pork industry share their advice for producers in 2021.
While China rebuilds its pork production capacity, the U.S. pork sector can take steps to lessen the impact of lower trade flows in the future, CoBank says in its latest report.