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Friday to Friday, December lean hog futures were $6.88, and February up $7.10. A $15 per head gain.
We have written several weeks in a row that summer lean hog futures in the mid-’90s were borderline insane. Friday,...
Last week U.S. hog slaughter was 2.545 million head, a year ago same week 2.630 million, down 3.3% year over year. Year to date -3.1%.
The latest Iowa – S. Minnesota slaughter weights were this week 282.1 lbs., a year...
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Less Hogs = Lower Prices?
Last week the USDA released the September 1 Hogs and Pigs Report. What we saw was less market hogs (1 million), less sows (1%). We thought it would be interesting where markets are at now...
Last week the USDA released the September 1 Hogs and Pigs Report:
2020
2021
2022
2022 as a percent of 2021
2022 as a percent of 2020
(1,000 head)
Kept for breeding
6,333
6,190
6,152
99
97
Market
72,766
68,677
67,648
99
93
Under 50 lbs.
22,559
21,690
21,343
98
95
50 – 119 lbs.
20,490
20,211
19,887
98
97
120 – 179 lb.
15,547
14,246
14,073
99
91
180 lbs. and over
14,169
12,529
12,345
99
87
Sows Farrowing
June –...
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U.S. Lean Hog futures took a hit last Friday due to two reported events. One is the third release of China's pork reserves and the other ASF breaks in South Korea. Our take:
China releasing pork reserves should be...
Even the trading players in the Lean Hog Futures are starting to realize that lean hogs have an upside in 2023. June hogs have risen from a contract low of 92.85 to a close last Friday of 104.875, a...
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This past week saw continued pressure on U.S. hog markets as Lean Hogs continue their drop from summer highs.
Some Observations
Last week’s slaughter was 2,243,000, almost the same as last year’s same week of 2,248,000. Year-to-date slaughter is...
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We have been writing for several months about the reality of Europe’s challenge of profitability in the swine sector and that has been leading to sow herd liquidation.
InterPIG, is an international group of economists that gather together physical and...
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This past week Lean Hog futures, pork cut-outs, and hog prices declined while corn and soybeans jumped higher. There is certainly not a week for joy in Hogville. Our observations:
We aren’t smart enough to understand the sudden decline...
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Last week saw lean hog futures plummet with the near-term months of October and December declining over $6.00. We have to say not sure why the big decline. Our observations:
Lean hog prices are strong, the National Lean hog...