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The activity in the last few days have been disappointing seems live hog futures, cash hogs and pork exports have shown some weakness. After 18 months of continual losses, we are looking for hog prices well beyond the breakeven...
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The USDA continues to project an increase of 2.8% more pork to be produced in 2024 than 2023. Their premise is despite the worse 18 months financially in our industry’s history we were expanding. The unfortunate part is their...
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We have been writing for several months about the huge financial losses in the swine sector of China. China slaughters about 12 million market hogs a week, losses of $30 per head average over the last 18 months is...
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Market Rising
The U.S. hog market is showing rapid upside.
An indication of declining supply and rising demand is the cash 40 lb. feeder pig price. Last week cash 40 lb. feeder pigs averaged $103.01, in January they were $47,...
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The U.S. hog market climbed all last week. This in the face of a USDA Hogs and Pigs Inventory Report that indicates expansion in the sow herd last quarter and more pigs in inventory year over year. It appears...
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China is by far the largest hog producer and pork importing country in the world. Consequently, China’s production levels will always have a rippling effect on much of our global industry.
Over the last several months the China swine industry...
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For two weeks in a row U.S. hog slaughter has been below a year ago (-1%). Our expectation has been sow reduction began in earnest last May. If correct the results of liquidation should begin to show up about...
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Twice a year the USA – Canada swine inventory is reported for January 1 and July 1. We are in a continental market and the combined inventory reflect supply in a free trade zone.
Observations
The USA – Canada Breeding Herd...
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The U.S. market continues to show signs of strengthening. A welcome sign for an industry devastated by losses that were unprecedented. Some positive indicators.
Average Hog Price received last Thursday on 236,977 head was 81.73¢ lb. up from high...
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There is market momentum that will finally lead to profits in our industry. Why?
Lean Hog Futures – reaching $1.00 plus lb. in July.
Corn – U.S. National Cash Corn average $3.80 a bushel. Lowest in four plus years. Down from...