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A week ago, U.S. Pork Export sales were 42,900 metric tonnes. The highest weekly total by far since April. It’s the main reason lean hog futures jumped last Thursday and Friday. Let’s hope exports do increase further from the...
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The USDA released there September 1 quarterly Hogs and Pigs Report last Thursday.
If lean hog futures are any indication of market reaction of the USDA report, you need to only look at lean hog futures last Friday with October...
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Last week USDA estimated Red Meat Production down 5.4% from last year -57 million lbs. (in context the 57 million lbs. is about the same tonnage of U.S. weekly pork exports).
For week Beef Production -7.2%, Pork -3.5%...
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Last week USDA estimate of U.S. slaughter weights has hogs at 277 lbs. average. The same week a year ago 286 lbs. A huge 9 lb. difference. Let’s assume this is accurate. A 9 lb. difference in our opinion...
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Last week U.S. Weekly Red Meat Production was down 6.1%. A decline of 60 million lbs. Year to date down 2.5%.
The lack of Cattle continues to push Beef and Cattle prices higher. The current CME Cattle feeder index is...
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Two weeks ago, we had a week of hot weather. The result Iowa – S. Minnesota weights went from 278.3 lb. average to 274.3 lbs. a decline of 4 lbs. average in one week. We suspect this is one...
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Last week travels led us to southern Indiana. Last Tuesday feed mill we visited there was buying corn for $4.65 bushel that day. Owner said big difference from $7.00 he paid for too many weeks.
U.S. cash isoweans...
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The few days we travelled through Michigan, Indiana, Illinois, Iowa, Kansas and Oklahoma. Our windshield assessment. In the 2,800 miles we travelled, the U.S. corn and soybean crop looks real good in almost all areas (Missouri the worst). Not...
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Last week the USDA released their current estimate of this year's U.S. corn crop - 15.111 billion bushels. To put in context the largest corn crop in U.S. history was 15.14 billion bushels in 2016. In the 2016-2017 crop...
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In our opinion U.S. herd liquidation is ongoing. The last two weeks U.S. sow slaughter averaged 70,000 head. A year ago, the average was 58,000 a week. The extra 12,000 a week is a sure sign of the herd...