Monthly Market Highlight The United States is the largest supplier of agricultural products to the Philippines and an increasingly important source of pork and pork products. The U.S. and the Philippines have a long trade history that spans over 100 years, however, today many U.S. products face harsh tariffs upon import. Association of Southeast Asian […]
Weekly Pork Price Summary, August 16, 2019
Pork Belly Prices Remain Volatile
Pork Profit Maximizer – Foodservice Edition August 19, 2019 The value of the belly primal on Friday was pegged at $169.81/ cwt, $91/cwt or 115% higher than a year ago. The increase in the value of the belly primal has contributed almost $14.4/cwt to the overall cutout (about 74% of the overall cutout increase in […]
Hog futures limit down on Friday even as China pork prices spike
Pork Profit Maximizer – Retail Edition August 19, 2019 The pork cutout had been trending higher in the first two weeks of August but posted a sharp decline on Friday. October futures were down the daily permissible limit on expectations that, in the short term, record pork supplies will drive the cutout even lower in […]
Ownership Equals Responsibility
Growing up on our family’s farm in South Dakota, there was never any shortage of work to be done, especially when it was time to pick sweet corn, can green beans, butcher and process a hog or beef, dig potatoes, sort hogs, herd cattle, paint buildings or fix fence. Mom and Dad would round up […]
Better Together (usually)
Most times, it’s easier to do things together… unless you’re headed in different directions. But you don’t have to look far to see that the spirit of collaboration is alive and well in the pork industry. Powerful partnerships are making far-reaching programs and initiatives funded by your Pork Checkoff investment even more impactful. Take the […]
Weekly Pork Price Summary, August 9, 2019
Weekly Pork Price Summary, August 2, 2019
Honduras: A Developing Market for U.S. Pork
Monthly Market Highlight The United States has been a primary trading partner of Honduras for years, but economic growth in the Central American nation has allowed for an increase in export opportunities. The growth of the food processing industry, as well as development in the hotel, restaurant, and retail sectors have created more demand for […]
Will Higher Tariffs Derail Pork Prices in Q4 and in 2020?
While there is a lot of uncertainty going forward, and we think China may not buy as much from the US if the tariffs persist, we still expect a significant increase in Chinese pork exports in the second half of the year vs. last year’s levels. This should help support overall pork cutout values. Our […]