Pork Market Reports and Analysis
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.
Cash-traded weaner pig reported volume was below average this past week, with 40,250 head reported. Cash weaner pig reported prices were $50.56, down $0.38 per head from last week.
Cash-traded feeder pig reported volume was below average this past week, with 7,245 head reported. Cash feeder pig reported prices were $99.70, down $1.61 per head from last week.
Cash-traded weaner pig reported volume was below average this past week, with 40,200 head reported. Cash weaner pig reported prices were $53.33, down $0.29 per head from last week.
Cash-traded feeder pig reported volume was above average this past week, with 8,230 head reported. Cash feeder pig reported prices were $98.72, down $2.24 per head from last week.
The latest USDA report shows there’s a great deal of caution in the pork industry right now despite some of the highest prices the industry has seen in some time, says John Nalivka, president of Sterling Marketing.
The USDA’s March Hogs and Pigs report estimates represent the first March-over-March reduction since 2014, says Jason Franken, Western Illinois University ag economist. Here’s his perspective on the pork outlook.
For the week of March 26, cash-traded feeder pig reported volume was below average with 4,500 head reported. Cash feeder pig reported prices were $97.44, up $12.91 per head from last week.
For the week of March 19, cash-traded weaner pig volume was below average this week with 32,650 head being reported which is 65% of the 52-week average. Cash prices were $53.56, down $3.02 from a week ago.
For the week of March 12, cash-traded feeder pig reported volume was above average with 7,835 head reported. Cash feeder pig reported prices were $90.38, up $0.17 per head from last week.
For the week of March 5, Cash-traded weaner pig volume was below average this week with 31,542 head being reported which is 62% of the 52-week average.
For the week of February 26, cash-traded feeder pig reported volume was below average with 4,200 head reported. Cash feeder pig reported prices were $87.43, up $6.38 per head from last week.
For the week of February 19, cash-traded feeder pig reported volume was below average with 5,525 head reported. Cash feeder pig reported prices were $81.05, up $3.27 per head from last week.
For the week of February 12, cash-traded weaner pig volume was below average this week with 23,125 head being reported which is 45% of the 52-week average.
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.
For the week of February 5, cash-traded feeder pig reported volume was above average with 8,305 head reported. Cash feeder pig reported prices were $74.76, up $7.00 per head from last week.
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 feeder pig reported volume was above average with 7,670 head reported. Cash feeder pig reported prices were $56.15, up $0.32 per head from last week.
Cash-traded feeder pig reported volume was above average this past week, with 13,450 head reported. Cash feeder pig reported prices were $59.70, up $3.55 per head from last week.
Cash-traded feeder pig reported volume was above average with 14,375 head reported. Cash feeder pig reported prices were $68.80, up $1.42 per head from last week.
Cash traded feeder pig reported volume was below average with 7,180 head reported. Cash feeder pig reported prices were $70.33, up $5.21 per head from last week.