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2022 is over. Interesting year for global pig production. High feed prices all over the world minimized profits for pig production. In many areas, the high feed prices trumped hog prices leading to financial losses. Producers who grew their...
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The US December 1 Hogs and Pigs Report indicates an inventory smaller than a year ago, and significantly smaller than two years ago.
December 1
(1,000 head)
2020
2021
2022
Market Hogs
71,266
68,321
66,966
There are 1.4 million fewer market hogs in inventory than last year and 4.3...
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Last week we attended the Prairie Livestock Expo held in Winnipeg, Manitoba. The defacto Pork Congress for the Manitoba Pork Industry.
Our Observations
The Manitoba hog industry has about 341,000 sows, with little change over the last five years.
...
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Last week we attended the Midwest Pork Conference held in Lebanon, Indiana. Organized by the Indiana Pork Producers Association it attracted producers and exhibitors from the state of Indiana, Ohio, Michigan, and Illinois.
Our Observations
As our industry consolidates there...
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Last week Lean Hog Futures dropped big time and then recovered the losses by Friday's close. When the dust settled July closed at $107.15 a new contract high. We believe July will be $1.20 plus before it goes off...
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Last week we were honored to be invited to speak at the Alberta Pork Annual General Meeting. Alberta Pork is the pork producer organization for the province. Our observations:
The Annual General Meeting was well attended with 350 people...
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U.S. hog marketing continues to run lower than a year ago. This past week 2,605,000, the same week a year ago 2,632,000 (YTD -2.9%). Maybe more significantly Iowa – S. Minnesota hog weights averaged 283.8 lbs., a year ago...
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Last week we were in Sonora state in the Northwest of Mexico.
Our Observations
Sonora is a very dry–hot region with about 10 inches of rain annually.
The region's crops depend on irrigation.
After 4 years of almost no...
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Our observations
This year's slaughter weights compared to last year are startling. A week ago, Iowa – S. Minnesota average hog weights were 284 lbs. a year ago same week 289.6 lbs. A massive difference of 5.6 lbs....
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Observations
U.S. hog marketing’s last week was 2,557,000, the same week a year ago 2,552,000.
Iowa – S. Minnesota hog weights 284.1 lbs. a year ago same week 288.2 lbs. A difference of 4.1 lbs., a large difference....