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The Thanksgiving holiday is over and its indeed a special holiday that leads to reflection on what we should be thankful for. Faith – Family – a society that has relative prosperity and hope. Most of us if not...
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Unfortunately, the hog market continues to run below cost of production. If breakeven is about 92¢ lb. carcass and the U.S. average slaughter hog is bringing 76¢ lb. the spread of 16¢ lb. is creating an average loss of...
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Last week the USDA released their current estimate of this year’s corn crop, 15.234 billion bushels eclipsing the prior record in 2016 of 15.148 billion bushels. On Friday the U.S. average cash corn price was $4.39 bushel. $4.39 is...
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In the first 7 months of 2023 European Pork Production is down 8% compared to a year ago. This is a direct consequence of the major liquidation that happened in Europe when they suffered from large financial losses leading...
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We had some positivity last week in the hog market with lean hog futures coming up from contract lows by around $4.00. Of course, December going from 66 to 70 just means you lose less money. Less dismal.
Other Observations
Certainly,...
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We are known to be positive. Indeed, none of us can help but whom we are. We believe most if not all pig producers are positive people. You need to be. If you did a list all the reasons...
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After many months of losses, the U.S. hog industry has the dilemma of several months more of losses if lean hog futures are any indication. Lean hog futures last Friday ranged from 69.53 to 81.28 from now till May....
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A week ago, U.S. Pork Export sales were 42,900 metric tonnes. The highest weekly total by far since April. It’s the main reason lean hog futures jumped last Thursday and Friday. Let’s hope exports do increase further from the...
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The USDA released there September 1 quarterly Hogs and Pigs Report last Thursday.
If lean hog futures are any indication of market reaction of the USDA report, you need to only look at lean hog futures last Friday with October...
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Last week USDA estimated Red Meat Production down 5.4% from last year -57 million lbs. (in context the 57 million lbs. is about the same tonnage of U.S. weekly pork exports).
For week Beef Production -7.2%, Pork -3.5%...
