USDA thinks that pork production in 2024 will be up 1.9% from 2023 despite talk/expectation for a smaller breeding herd. For now it appears USDA thinks productivity gains will more than offset the decline in the breeding herd.
Steiner and...
Fernando Ortiz – Ibero-America Business Development Genesus
Mexico last four years pork market
Taking a more in-depth look at the profit margins for producers over the last 4 years, that is, the pre-pandemic, pandemic, and post-pandemic period, what we currently see...
Spencer Long of Genesus
The United States Department of Agriculture (USDA) expects fewer Canadian pigs to be produced in 2024. The USDA projects that the Canadian swine herd will contract, due in part to decreased domestic processing capacity (Olymel plant...
Gavin McPherson | Risk Management Consultant
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"Charting is a little like surfing. You don't have to know a lot about the physics of tides, resonance, and fluid dynamics in order to catch a good wave. You just have to be able to sense when it's...
October kicked off the fourth quarter of the year—the quarter that typically sees the year’s
largest slaughter numbers and the lowest hog prices—with the factors that have thus far
defined 2023 remaining largely unchanged. Pork producers continue to face macroeconomic turbulence...
Philippe Mallétroit – Director for France and Africa
Hog Market
In October (from week 40 to 43), 1 408 455 pigs have been slaughtered in France (zone Uniporc). Last year on the same period, 1 480 598 were slaughtered. It...
Source: Agupdate.com
December 1998 saw the lowest cash prices for hogs in U.S. history, accounting for inflation, but 2023 could be worse, according to one economist.
“It was a bloodbath,” said Dr. Steve Meyer, lead economist with Partners for Production Agriculture,...
Margins were mixed over the first half of November, deteriorating slightly in nearby periods while a bit firmer further out on the curve. Both corn and hog prices were relatively flat over the past couple weeks while soybean meal...
To “Read” Walt’s charts, keep the following in mind:
Support – this term refers to a trend line or price area under the market which is expected to hold the market from potential decline.
Resistance- a price area or trend line...
