Pork Profit Maximizer, Dec. 11, 2017

Foodservice Edition Highlights: Hog slaughter up 3.6% for the week and combined with higher weights pork production is running 4% above year ago levels. Increase in pork supplies continues to keep ham prices under pressure. Seasonally ham prices find a bottom at the end of December. Pork belly demand has increased sharply following a 20% […]

Pork Profit Maximizer, November 13, 2017

  Foodservice Edition   Many end users are currently working on their budget plans for 2018 and we (Steiner) recently updated our outlook for all of next year and an early look at 2019. Some of our thoughts at this point differ from USDA, largely with regard to the amount of pork that will be […]

Pork Profit Maximizer, October 30, 2017

Foodservice Edition Hog futures continue to rally on robust cash hog prices, expectations of continued strong demand. Firm cash hog prices continue to underpin the lean hog futures contract. Cash hog prices gained 5% for the week and they are currently as much as 26% higher than a year ago (net price). Firm cash hog […]

Pork Profit Maximizer, October 16, 2017

Foodservice Edition Hog prices trending higher but ample supplies expected to keep prices in check, offer opportunities to promote pork in 2018 Pork packers have been paying up for hogs in recent days and the turn-a-round in cash hog prices has bolstered both nearby and deferred futures contracts. The October contract closed on Friday at […]

Pork Profit Maximizer, October 2, 2017

Foodservice Edition Supply and price implications from the USDA September 1 ‘Hogs and Pigs’ report. Lean hog futures rallied sharply following the report even though some key numbers were decidedly bearish and well above what analysts were expecting prior to the report. We don’t have a good answer a to why futures rallied on Friday […]

Pork Profit Maximizer, September 18, 2017

Food Service Edition Pork export demand will be key for Q4 as hog supplies surpass record 2016 levels. Pork export volumes were somewhat disappointing in July but the decline was understandable given the sharp increase in pork prices during the month. Global buyers likely recognized that the price increase in the US would be short‐lived, […]

Pork Profit Maximizer, September 18, 2017

Food Service Edition Pork export demand will be key for Q4 as hog supplies surpass record 2016 levels. Pork export volumes were somewhat disappointing in July but the decline was understandable given the sharp increase in pork prices during the month. Global buyers likely recognized that the price increase in the US would be short‐lived, […]

Pork Profit Maximizer, September 5, 2017

FoodService Edition Sharp correction in pork belly prices pressures cutout/hog prices lower. Despite an increase in production, prices for other primals remain above year-ago levels. Cash hog prices have come under significant pressure in the last couple of weeks due to a combination of seasonally higher hog numbers and a changing retail picture for pork bellies.  

Pork Profit Maximizer, August 21, 2017

FoodService Edition Hog futures remain particularly volatile on weak cash hog and pork cutout value. Belly prices down sharply as retail prices catch up with record wholesale values in July. Hog futures started last week on a very firm footing as market expectations were buoyed by reports of lower than expected pork production and very […]