Cold Storage Data Seen As Positive for Pork Prices Later This Year

Pork Profit Maximizer – Foodservice Edition October 28, 2019 The combined inventory of beef, pork, chicken, and turkey in cold storage at the end of September was estimated at 2.506 billion pounds, 4.3% lower than a year ago but still 4.4% higher than the five-year average. The combined month-end inventory of the four main species […]

USDA Reports Inventory of Market Hogs 3.5% Higher Than Last Year

Pork Profit Maximizer – Foodservice Edition September, 30, 2019 Coming into the report analysts were expecting the total inventory of market hogs as of September 1 to be 3% higher than a year ago. USDA reported the inventory of market hogs at 71.248 million head, 2.442 million head or 3.5% higher than a year ago. […]

Hog Futures Tumb as US-China Trade Conflict Finds Another Gear

The US pork market remains extremely volatile, as participants swing from extreme optimism to extreme pessimism, often in the course of a single month. A recent example: The CME October 2019 lean hog futures contract gained 20% in the two week stretch between July 8 and July 23. The rally reflected more robust cash hog […]

US cow herd and 2019 calf crop post first year over year decline since 2014

Pork Profit Maximizer – Foodservice Edition July 22, 2019 According to the latest USDA semi-annual ‘Cattle Inventory’ report, released Friday, July 19, the total inventory of cattle and calves as of July 1 was estimated to be 103 million head, unchanged from the previous year and very much in agreement with the average of analyst […]

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 inventory of all hogs […]

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. […]