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Last week we titled our commentary “Where are the Hogs?” If you read Dennis Smiths of ADM regular market observations, you would have saw the same title “Where are the Hogs?” Both our reports were sent minutes of each...
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Our Observations
Not sure if there has ever been a difference as great as 5% more in 180 lbs. and over and then 2% less in under 50 lbs. That’s a 7% difference year over year in less than...
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Last week we were in Tokyo, Japan. Considered the most populated city in the world at 37 million. Having grown up on a gravel road and a 10-acre farm it's quite the difference.
Tokyo despite the huge amount of people...
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This past week we were in Shanghai, Hefei, and Beijing. Our observations:
We had meetings with swine industry participants. Consensus is pork business has slowed with few new buildings under construction. Financial losses have been significant the last two...
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Last week Spencer and I started our trip arriving in Hong Kong. I hadn’t been to Hong Kong since I was 30 years old. Big change. The number of high buildings is amazing. Spencer reports more people living on...
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This past week we were in Ohio and Indiana. Crops looked good, could use some rain. Corn was $3.32 a bushel at local ethanol plant. We had the opportunity to visit Genesus new Paramount Nucleus farm in Southern Indiana....
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Last week U.S. hog marketing's were 2,503,000, up 9,000 head from a year ago. Essentially no change. The market was positive in a sense considering 2.5 million hogs marketed with market hogs 88¢ lb. and Pork cut-outs 99¢ lb....
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Last week was in a discussion with a producer. We had good dialogue on what productivity was currently. Made us wonder what reality is versus the myth of productivity claims. Consequently, we looked at latest available MetaFarms a database...
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Not so long ago the idea that U.S. Cash Corn could average $3.65 a bushel would have been considered lunacy. Lunatics take a bow. U.S. Cash Corn averaged $3.65 a bushel last Friday with some corn trading below $3.00...
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After trading in mid to high 90’s for several weeks it's good to see U.S. Pork Cut-outs in the $1.05 range. This has pulled lean hog prices from the mid 80’s up to 93¢ lb. If breakeven farrow to...