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 […]

Disruptions by Hurricane Florence Reduce Pork Production in September

Pork Profit Maximizer – Food Service Edition Disruptions caused by Hurricane Florence in North Carolina and one less slaughter day reduced the amount of pork produced in September. The total supply of pork in cold storage at the end of September was estimated to be 588.9 million pounds. Inventories increased 1.3% from August levels compared […]

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 […]