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This past week we attended and spoke at the Kalmbach Feeds Agribusiness Conference held in Columbus, Ohio. The conference is one of if not the best-organized ag events we have attended. Multiple speakers and food were excellent. The host's...
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Last week Spain the largest swine producer in Europe set a new record price for market hogs at 1.932 Euros/kg (93¢ U.S. lb. liveweight). Many other countries are also setting price records in Europe – i.e., France, Germany, Italy,...
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We have been pointing out for the last few weeks the record price difference between Europe’s and the United States prices of market hogs. Last week Spain (largest producer in Europe) market hog price set a new record at...
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We have been writing for the last couple of years about the terrible market conditions in Europe and our expectation of a large swine inventory decline and higher hog prices.
There are now December inventory reports from all of Europe’s...
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Spain is the largest producer of pigs in Europe with about 2.6 million sows. Last week Spain set a new record hog market price of 1.795 Euros/kg liveweight. About 87¢ lb. U.S. Like North America no one in Spain...
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The U.S. hog market continues to struggle with prices below breakeven and a general lack of market enthusiasm.
Some Observations
Iowa - S. Minnesota hog weights declined weekly from 289.1 lbs. to 286.8 lbs. (-2.3 lbs.). Weights are 3.5...
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Last week was the annual Iowa Pork Congress held in Des Moines. The largest of the state shows befitting the state with the most pigs in the U.S.
Our Observations
It appeared to us there were as many exhibitors...
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U.S. Annual Hog Slaughter Decline
Last week the USDA published the actual hog slaughter for 2022.
Barrow + Gilts
(1,000 head)
2021
124,861.1
2022
121,314.1
Difference
-3,547.0
Year over year the official U.S. Barrow and Gilt slaughter is down 3.547 million head. A big drop and one we...
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The December 1 USDA Hogs and Pigs Report indicated the market hog inventory at 66.966 million, a year ago 68.321 million. A 2% decrease year over year.
After seeing the 2% decline in inventory it was a surprise to us...
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Last week it seemed the hog market had a holiday hangover. Shorter weeks of slaughter rarely seem to work for producers. This year was no exception. Lean Hog futures and cash prices all languished significantly. We expect as the...