Dennis Smith of Archer Financial Services, Daily Volume Surges Higher in Feeders, September 21 2017

  LEAN HOGS Cash will be called lower today because packers will continue to throttle the cash in an uncompetitive environment until it no longer works. My assumption is that eventually numbers will drop off in some kind of hole? Or perhaps a bullish surprise will surface in the hog & pig report? Or possibly

Genesus Technical Report: What Does Optimal FCR Really Mean?

  What does optimal FCR really mean? Derek Petry, Ph.D. – Genesus Inc.    As a genetic supplier, one of the first topics discussed in any meeting is feed conversion ratio (FCR).  While a very easy value to calculate, it is important to know the relationship between FCR and profitability. There are numerous factors that

Dennis Smith from Archer Financial Services, Bellies Are Being Placed into the Freezer at Breakneck Pace, September 19 2017

    LEAN HOGS Monthly cold storage comes out Friday afternoon at 2:00. It likely will show a very small belly frozen stock figure. Since Sep 1st, however, we believe bellies have been placed into the freezer at breakneck speed. Eventually, despite record large production, this activity will force a bottom in the fresh belly

Jim Long Pork Commentary, U.S. Packer Capacity, September 18 2017

Pork Commentary, September 18th 2017 Jim Long President-CEO Genesus Inc.   US Packer Capacity   Last Thursday the US set a new record day for hog marketing of 455,000 head per day. This reflects not only hog supply, but also the recent start-ups of the new Coldwater Michigan and Sioux City Iowa harvesting plants. For months

Scott Brown of the University of Missouri, Weekly Livestock Market Report, September 18 2017

  •Market recap for the week ending September 15, 2017: Cash hogs were down $3.80 for the week. The pork cutout was $2.82 for the week, led by bellies that declined $11.77 for the week. Ribs were down $8.84 this week. Pork bellies have lost 47% of their value in the last month. On the

Dennis Smith from Archer Financial Services, Pork Commentary, September 14 2017

Follow me on Twitter @denniscattle LEAN HOGS Today is the last day of the Goldman Roll. Yesterday the Oct/Dec hog spread appeared to bottom. This occurred despite the fact that cash hog prices continue to decline with additional pressure expected again today. Lean hog futures are sharply discount. In the face of huge, in fact

Kent Bang of Compeer Financial, 3 Steps to Benchmarking to Improve Your Operation, September 13 2017

    When faced with tighter margins, benchmarking can help you find ways to improve efficiencies and increase profitability. Benchmarking compares the performance of your own operation, typically with financial or reproduction performance indicators, against the performance of your peers or against yourself over time. Benchmarking helps you see the big picture while also providing

Dennis Smith from Archer Financial Services Commentary, Weekly Hog Slaughter Expected to Be Huge, September 12 2017

  LEAN HOGS Volume in LH futures was 59,600 yesterday with open interest down 900 cars. Not much new to discuss at this moment. Cash was lower yesterday and expected to be lower again today. Why not, it’s working nicely for the pork packer. The kill was larger at 450,000 and the weekly kill is

Seven Ohioans Named to Young Ag Professionals State Committee

    Ohio Farm Bureau Federation has named the newest members of its Young Agricultural Professionals State Committee: Luke and Cassandra Dull of Englewood, Nick and Jessica Dailey of Sardinia, Emily Krikke of Greenwich and Bennett and Liza Musselman of Orient. The seven new committee members will serve two-year terms and help develop and conduct

Managing Uncertainty in Forward Hog Margins

With two brand new state-of-the-art pork processing plants currently opening and another one slated to open a year from now, many hog producers are no doubt celebrating the prospect of additional slaughter capacity. Hog supplies are up around 3% from last year and pushing against existing shackle space. But in addition to a sense of