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 […]

Higher exports for all meat proteins in April offer a demand boost but also underscore threat from possible trade disruptions

Pork Profit Maximizer – Food Service Edition Highlights April red meat exports were excellent. The early Easter may have helped, adding more work days to the month compared to a holiday-shortened month last year. Lower hog and cattle prices also provided an assist, sometimes offering foreign buyers an opportunity to cover needs at lower prices. […]

Pork Profit Maximizer, April 16, 2018

Foodservice Edition Highlights Increasing pork supplies expected to keep prices under year-ago levels for much of this summer and fall Rising pork supplies have pressured prices lower so far this spring and values are forecast to be under year-ago levels into summer and fall. For now, the impact has been much more significant on hogs […]

Pork Profit Maximizer, March 05, 2018

Foodservice Edition Robust demand supporting feeder prices earlier in the year but prices should be seasonally lower into the spring. Feeder pig prices have performed better than some expected at the start of the year but it appears that seasonality has finally started to catch up with this market, especially as we start to move […]

Pork Profit Maximizer, February 19, 2018

Foodservice Edition Pullback in hog prices brings a much needed correction to the market and should bolster wholesale pork demand going into spring. The drop in lean hog futures this week was swift as market participants reacted to a deterioration in pork product prices and the resulting negative impact this had on packer margins. On […]

Pork Profit Maximizer, February 05, 2018

Foodservice Edition We recently updated our supply and price projections for 2018 and 2019. What follows is a brief synopsis that we included with our regular quarterly report, outlining our thesis for the pork market in the near and medium term. In our last quarterly update we noted that: “annual pork price inflation is expected […]