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Iowa – S. Minnesota cash hogs were 67.44¢ on April 24th. Last Friday (May 19) they were 87.73¢ lb. A 20¢ lb. gain in 3 weeks or up over $40 per head. Still a price that leads to losing...
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Last week the U.S. Supreme Court ruled that California’s Proposition 12 can proceed. The law means in simple terms sows must be in gestation pens at 24 sq. ft. to have their fresh Pork sold in California.
The ruling is...
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The U.S. industry continues to struggle. Hog prices below cost of production is putting a major financial stress on much of the Pork sector. There will be significantly fewer pigs year over year by the end of 2023 and...
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Last week there seemed to be daily news tied to the dire situation in much of the hog sector. Hope isn’t a business plan but at the end of the day, all you need is Hope and Strength. Hope...
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Last week’s commentary seemed to resonate more than any commentary we have written in 20 years. Our premise the National Pork Board is spending money from producers Checkoff to focus on a sustainability bureaucracy of environmentability issues, animal welfare...
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Doesn’t take an Ag-Economist to point out the massive difference between the wholesale price of Pork and Beef cut-outs. It’s a terrible testament to Pork demand. It’s a terrible testament to what consumers prefer to spend their money on....
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After leaving Spain we went to the United Kingdom. Our report:
The industry was devastated by huge losses the last two years. A combination of Covid related issues that led to massive backups of market hogs, high feed prices...
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The March 1 USDA hogs and pigs report indicates production flatline with last year. Same number of breeding pigs and same number of market hogs.
You would think same number of pigs the market hog prices would be similar. Unfortunately...
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This past week was not great once again for hog producers. Cash hogs in the high 70’s mean farrow to finish losses over $30 per head. We need a rally.
Observations
Slaughter continues higher than a year ago with...
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This past week was not good for U.S. hog producers. Lean hog futures, cash hogs and pork cut-outs declined. In our opinion driven mostly lower because of banking issues that seem to trigger fund selling in futures. Some of...