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It's nice to see some profits currently in market hogs for farrow to finish operators. This after several months of losses. Unfortunately, if Lean Hog Futures are the guide it appears by sometime in September losses will return. Last...
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Last Friday the USDA released its semi-annual cattle inventory. Beef is one of Pork’s major competitors. Last week the price of Beef cut-outs at $3.02 lb. vs. Pork cut-outs at $1.15 lb. clearly demonstrates consumer preference as they vote...
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Last week the USDA released their estimate for the 2023 corn crop. USDA projection is 15.320 billion bushels, the largest ever. If estimate is correct, it would be 172 million bushels higher than the former record crop in 2016....
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Last week the U.S. hog price reached over $1.00 lean and carcass cut-outs closed at $1.08 lb. Friday. To keep in context this April 24th Iowa – Minnesota price was 67.44¢ and last Thursday $1.00.61 lb. A $65 plus...
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Observations
USDA reports Breeding Herd and Market Hog Herd same as a year ago.
Farrowing last quarter down 2% from a year ago with projections of farrowing down 4%.
March 1 Breeding Herd was 6,096 – June 1,...
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U.S. Pork in cold storage at the end of May was 525,000 lbs. down 4% from a year ago. The first time we have had lower pork storage year over year for several months. U.S. weekly pork production...
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In the first quarter this year (Jan-Mar) European pig production declined significantly. Europe has had about double U.S. production for many years. Europe is the United States Number 1 competitor for global pork exports.
Europe had declined 1 million sows...
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This past week was the World Pork Expo in Des Moines, Iowa. Our report:
Seemed to be less people there than last year.
As you would expect the reality of ongoing negative margins dampened enthusiasm.
Producers are tired of...
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This coming week is the World Pork Expo in Des Moines, Iowa. We have been attending for decades and as we look back, we realize the huge change our industry has been through.
Once there were thousands of independent producers,...
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Every day we hear of different entities deciding to cut sow production. To say it's major seems to us an understatement. The industry financial losses are significant. It’s not just what has happened the last few months but a...