MORNING LIVESTOCK REPORT Follow me on Twitter @denniscattle Tuesday February 7, 2017 LEAN HOGS The cash was strong yesterday, mostly $1.50 higher as packers compete for butcher hog supplies amid profitable margins, rising wholesale carcass values and slightly declining numbers. Futures posted a strong performance and technically confirmed the move with new
The concept of Precision Farming is based on observing, measuring and responding to inter and intra-field variability in crops to develop a decision support system (DSS) for the whole farm management with the goal of optimizing returns on inputs while preserving resources. Swine breeders and pig farmers are now increasingly using Precision Livestock Farming techniques
Monday, just four days into his service as President of the United States, Donald Trump announced that he would be seeking immediate renegotiation of the North American Free Trade Agreement (NAFTA) with Mexico and Canada, as well as immediately withdrawing from the Trans-Pacific Partnership (TPP). The latter, perhaps more than any other issue, has been
Jim Long, President and CEO Genesus Genetics In November, U.S. market hogs touched $0.45 lean/lb. By the end of last week, 53-54% lean hogs were $0.66/lb. A month ago and a year ago, they were $0.57. Pork demand is strong. The extra money producers are getting is stopping financial losses. Minnesota Pork Congress
Are you ready? Jan. 1, 2017, begins the process of knowing and paying attention to a few more acronyms or paying the consequences. The Veterinary Feed Directive (VFD) is a requirement put forth by the Food and Drug Administration (FDA) with impacts that will be seen across the country. Michigan State University Extension has been
Some highlights from this week’s Weekly Livestock Market Update: * Livestock markets started 2017 off sideways.
Jim Long, President and CEO Genesus Genetics It’s the New Year and we are thinking about the China swine markets and how it will affect us. China – current price: 17.51 CNY/kg liveweight (U.S. $1.14/ lb liveweight) China’s producers continue to be in the black, black, black. The market hog price of $1.14
Jim Long, President and CEO Genesus Genetics fter last weeks December Hogs and Pigs Report that indicated the U.S breeding herd and Market hog & inventories were up beyond any expectation year over year (Breeding +1% – Market +4%). It is surprising that lean hog futures went up over $2.00 this past week. This market
Frustrating Market Hog prices continue to remain very soft with large numbers of pigs available for slaughter. Futures for December lean hogs moved up from a low of less than $42 to near $48 in mid-November. There is at least some hope, that with recent moves in higher nearby futures, prices won’t fall further.
MORNING LIVESTOCK REPORT Follow me on Twitter @denniscattle Thursday December 15, 2016 LEAN HOGS Weekly pork export sales (last week) were terrible but forward bookings for shipment early next week were excellent and Mexico remains a major buyer of hams, taking 70% of bookings for next year in last week’s sales. Domestic