Hog futures saw an uptick as pork values strengthened throughout the trading session. Lean hog contracts experienced notable gains, supported by an active cash hog market and a steady demand for pork products.
In the latest trade, the December lean...
Compiled by Jaydee Smith, Swine Specialist, OMAFA
Ontario Market Highlights
100% Base Formula Price: Increased from $220.62 on July 5 to $233.55 on August 2.
Previous Year 100% Formula Price: Decreased slightly from $230.18 to $254.84 over the same period.
...
The Weekly Pork Price Summary highlights USDA prices for pork sub-primals, including butt, loin, ham, picnic, belly, trim and spareribs. It is sent out weekly to subscribers, including retailer and foodservice procurement personnel. The data provided shows last week’s...
5 Steps for Developing a Risk Management Plan
“If you fail to plan, you are planning to fail” –Benjamin Franklin
Earlier this month we had the opportunity to attend the National Pork Industry Conference (NPIC) in Wisconsin Dells. As usual, it...
Mercedes Vega, General Director for Spain, Italy & Portugal
mvega@genesus.com
We are in the midst of summer with typical seasonal temperatures, experiencing "heat waves." Although it has been milder than expected, it is still summer, which means the heat is causing...
Lean hog and cattle futures experienced a downturn as market uncertainties surrounding consumer demand and feed costs weighed heavily on prices. Cattle futures initially gained some ground due to a dip in corn prices, which was beneficial for feed...
Every Sunken Ship has a Chart
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Walt Breitinger, Commodity Futures Broker
“Pinion Futures, LLC d/b/a Breitinger & Sons”
800.411.FUTURES (3888)
www.indianafutures.com
Ontario Market
100% Base Formula Price: $227.28/cwt (compared to $252.64 last year)
Average Price: $259.30/cwt
Market Hogs Sold: 107,516 (106% of previous year)
Weaned Pig Value: $59.09/pig
Feeder Pig Value: $93.75/pig
Canadian Market
Prime Interest Rate: 6.70%
Hog Slaughter: 414,507...
Key points
US pork production is forecast to increase by 3.1% year on year to 12.8 million tonnes in 2024
Steady to firm demand in the domestic and export market support higher pricing
US export figures have increased by...
This information is current as of July 23, 2024. This information is updated every week.
Weekly Hog Prices
Cash hogs generally started the week higher, excluding the ISM which faced a significant decline due to going unreported the previous Friday when...