Hog Prices-Markets
The European Union will provide preferential market access for pork, has committed to streamlining requirements for U.S. pork sanitary certificates, and intends to address other non-tariff barriers affecting agricultural trade.
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Cash-traded weaner pig reported volume was above average this past week, with 70,875 head reported. Cash weaner pig reported prices were $55.75, up $2.09 per head from last week.
Strong hog prices, along with continued pressure on feed costs, are resulting in robust margins for many producers, Rabobank says in its Q3 report.
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USMEF’s Dan Halstrom says it wasn’t that long ago that the U.S. was at a severe disadvantage with Japan tariff wise.
Smithfield says demand is cautious due to inflation. Consumers have shifted their spending patterns and are increasingly looking for value.
Check out the Sterling Marketing Profit Tracker for week of August 1.
Cash traded feeder pig reported volume was below average with 7,650 head reported. Cash feeder pig reported prices were $72.68, down $4.93 per head from last week.
Inventory buildup triggers fears of crushing plant shutdowns. Surplus may weaken China’s soybean demand in Q4 U.S. peak season.
LP-1 drugs are catalyzing a dietary revolution that could usher in a new era for pork if the industry embraces change.
Cash-traded feeder pig reported volume was below average with 13,670 head reported. Cash feeder pig reported prices were $77.61, up $1.17 per head from last week.
“It begs the question — if producers are paying more, and consumers are paying more, who is winning?” said Glenn “GT” Thompson, committee chairman.
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The U.S. Meat Export Federation is urging the Office of the U.S. Trade Representative to review pork and beef trade barriers.
Cash-traded feeder pig reported volume was below average with 6,175 head reported. Cash feeder pig reported prices were $76.44, down $6.14 per head from last week.
NPPC President Duane Stateler says the North American pork industries are strongest when they collaborate, share challenges and solutions, and learn from one another.
Cash-traded feeder pig reported volume was above average with 22,841 head reported. Cash feeder pig reported prices were $82.58, down $5.71 per head from last week.
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Don’t forget the lessons of harder days to make sure your risk management strategies to protect against potential future losses are solid.
Cash-traded feeder pig reported volume was above average with 17,650 head reported. Cash feeder pig reported prices were $88.29, down $1.76 per head from last week.
Check out Sterling Marketing’s Profit Tracker for week of June 28
Cash-traded feeder pig reported volume was above average with 22,650 head reported. Cash feeder pig reported prices were $90.05, up $1.90 per head from last week.
The industry is starting to see profits from a cumulative standpoint similar to levels in August 2022 and producers could be seeing breakeven this August.
Cash-traded feeder pig reported volume was above average with 19,950 head reported. Cash feeder pig reported prices were $88.15, up $4.21 per head from last week.
A Farm Credit peer benchmarking review reveals what differentiated pork operations that have done well and those that have struggled.
The business side of the pork industry is good and needs to be good, says veterinarian Clayton Johnson. But producers face uncertainty with PRRS and other diseases, making the current state of the industry a bit of a paradox.
In one second, years of audience-building and customer relationships were lost for Chris and Kaitlyn Hofschulte, showpig breeders in Miami, Okla.
Check out Sterling Marketing’s Profit Tracker for week of June 14.
Cash-traded feeder pig reported volume was above average with 18,246 head reported. Cash feeder pig reported prices were $83.94, up $3.73 per head from last week.