Our estimates are that the breeding herd on September 1 was down 2.5% from a year ago. The inventory of market hogs this fall should be adequate based on the pig crop last spring. Supply growth will be limited...
Pork production in the U.S. continues to show resilience, with August 2024 production estimates coming in at approximately 2.28 billion pounds, virtually unchanged from August 2023’s total of 2.282 billion pounds. When accounting for an extra slaughter day last...
Paul Anderson, Genesus Southeast Asia
Paul.Anderson_GenesusSoutheastAsia@outlook.com
Philippines
ASF Vaccine
The Philippine Food and Drug Administration (FDA) issued a Certificate of Product Registration (CPR) to a Vietnam-produced ASF Vaccine. Issuing a CPR by the FDA is a green light that a company can now...
Margins deteriorated over the first half of September as hog prices declined, particularly in nearby futures, while the feed markets were steady to slightly firmer. Both hog slaughter and weights are tracking above year-ago levels, consistent with data from...
China’s ongoing economic slowdown is having significant repercussions on global agricultural markets, particularly affecting pork exports. The decline in Chinese consumer demand has led to a drop in U.S. pork export volumes, while trade uncertainty adds further complications for...
The latest quarterly report reveals promising news for the swine industry, as hog profits have returned following a challenging period in late 2022 and 2023. During the downturn, producers reduced their breeding herds as margins turned negative. However, feeder...
July pork exports reached 241,210 mt, and export value jumped to $710.5 million, fueled in part by Mexico, which had a record-setting month. July was an outstanding month for exports in several key markets.
Mexico: Export value reached a...
To “Read” Walt’s charts, keep the following in mind:
Support – this term refers to a trend line or price area under the market which is expected to hold the market from potential decline.
Resistance- a price area or trend line...
Simon Grey, General Manager Europe
Across Europe farm gate pig price is following its usual seasonal decrease. Average (estimated) price for Europe is €1.59 per kg liveweight. What is surprising is the difference between country.
Calculated using data from Pig333.com
These numbers...
Hog slaughter beat estimates at +2.3 million head, +3.6% above year ago levels. Expectations are for slaughter to ramp up in the coming weeks. Last year weekly slaughter between mid-September and early October averaged 2.57m head/wk. Given current growth...