Pork exports improve modestly in August but more robust growth is needed in Q4

Weekly Pork Profit Maximizer – Food Service Edition Pork exports were higher in August but the rate of growth was disappointing considering that August production was the highest on record. Exports to Japan have recovered in the last three months. Shipments in August were 33,646 MT, 8.8% higher than a year ago. For the year […]

Pork prices will depend on the extent of the damage from Hurricane Florence

Weekly Pork Profit Maximizer – Food Service Edition Highlights Flooding is always a major issue as it tends to impact both infrastructure as well as hog supplies. During Hurricane Floyd (1999), some 100,000 hogs were lost together with millions of broilers and turkeys. At this point it makes no sense to speculate about the potential […]

Hog and pork markets remain extremely uncertain as buyers sit on the sidelines and export demand remains difficult to predict

Pork Profit Maximizer – Food Service Edition Highlights The nearby CME Lean Hog August futures contract closed on Friday at $57.70/cwt, a 25% decline in just over a month. Fall and winter contracts have also followed suit, with December now trading at around $46 Clearly the catalyst for the decline is the imposition of retaliatory […]

Spring hog price rally cut short by trade uncertainty and poor packer margins

Pork Profit Maximizer – Food Service Edition Highlights The nearby July hog futures contract declined almost 5% in the last four trading sessions. The decline has come even as the cash hog index continues to push higher. July futures closed on Friday under $80/cwt even as the cash hog index is currently above $86/cwt. The positive […]

Higher exports for all meat proteins in April offer a demand boost but also underscore threat from possible trade disruptions

Pork Profit Maximizer – Food Service Edition Highlights April red meat exports were excellent. The early Easter may have helped, adding more work days to the month compared to a holiday-shortened month last year. Lower hog and cattle prices also provided an assist, sometimes offering foreign buyers an opportunity to cover needs at lower prices. […]