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 […]

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 […]