Will Pork Demand Be Sufficient to Reduce Record Supplies?

Pork Profit Maximizer – Foodservice Edition July 8, 2019 The total inventory of all hogs and pigs as of June 1 was estimated at 75.026 million head 3.6% higher than a year ago. This comes in higher than the 3% average expected from the pre-report estimates. This is the largest June invento- ry of all […]

Pork Supplies to Market Much Higher Than Expected in June

Pork Profit Maximizer – Food Service Edition June 24, 2019 The supply of pork coming to market on a weekly basis so far in June has been far higher than anyone could imagine even a month ago. Note that the chart shows a rolling four week moving average. Last week, pork production was up 16.4% […]

Pork Price Forecast Depends on China Purchases

Weekly Pork Price Summary – Food Service Edition May 28, 2019 Pork production in April was estimated at 2.269 billion pounds, 5.9% higher than a year ago. But as with beef, the biggest reason for the increase in production is the extra slaughter day in April.  When adjusted for the number of slaughter days, pork […]

Pork market volatility spikes as trade talks with China hit a snag

Pork Profit Maximizer – Food Service Edition May 13, 2019 Trade talks and tariff outlook is driving volatility not just in the hog futures market but the wholesale pork market as well. In late March and April, pork buyers had to take one glance at the June and July contracts and calculate the potential price increase […]

Weekly Export Numbers Indicate Slowdown in Shipments to Other Markets

Pork Profit Maximizer – Food Service Edition April 29, 2019 After the fireworks in the previous two reports the latest USDA weekly pork export update was much more muted. Bullish traders are constantly looking for more information that US pork supplies will tighten up due to strong exports. This latest update did not contain that. While […]

Slaughter Implications of the March USDA Hogs and Pigs Report

Pork Profit Maximizer – Food Service Edition Lean hog futures have pulled back in the last two trading sessions as the market consolidates after the torrid rally of the last two weeks. Additionally, participants are paying close attention to reports of US exports and export sales to China, with no new bullish news reported recently. […]

Buyers Look To Get Ahead of the Market

Pork Profit Maximizer – Foodservice Edition March 4, 2019 There is little question that the current pork market offers plenty of opportunities to promote pork in Q2. The three charts in the previous page illustrate the seasonal trend for the price of butts, ribs and pork trim in May, June, and July. Buyers that recognize […]

Pork Production Running Over 5% Above Year Ago Levels

Pork Profit Maximizer – Food Service Edition February 18, 2019 Weekly hog slaughter in the first seven weeks of the year was 4.5% higher than a year ago and about 2 points higher than what was expected based on the inventory survey. We think hog weights during this period were about 1% higher than a […]

Ample Pork Supplies Pressure Spot Prices

Pork Profit Maximizer – Food Service Edition February 4, 2019 Ample pork supplies pressure spot prices but futures maintain ASF risk premiums for summer and fall. Nearby lean hog futures have come under pressure in recent weeks and the premiums following African Swine Fever (ASF) outbreaks in China have been mostly erased at this point. […]

Beef exports remain above year ago levels

Pork Profit Maximizer – Foodservice Edition Beef export update: US beef exports have declined compared to where they were during the summer but they still remain above year-ago levels. Total exports of fresh/frozen and cooked beef in October were 89,977 MT, 4.7% higher than a year ago. The value of US beef and veal exports […]