Pork Profit Maximizer, June 12, 2017

FoodService Edition Summer pork demand improves, in part due to higher prices for competing meats. June pork supplies should be at the lowest point of the year. The pork cutout continues to track higher thanks to robust prices for bellies as well as escalating values for both fat and lean pork trimmings. In the past, […]

Pork Profit Maximizer, May 30, 2017

FoodService Edition Cold Storage Update The latest USDA ‘Cold Storage’ report contained some positive implications for red meat demand in April. Output during the month increased significantly and yet supplies in cold storage at the end of the largely increased in line with the normal seasonal rather than showing a significant buildup. For poultry, the […]

Pork Profit Maximizer, May 15, 2017

FoodService Edition Seasonal Improvement Underway in the Pork Complex. Higher Beef Prices Further Stimulate Pork Demand In our last update two weeks ago we outlined the expected seasonal improvement for hog and pork prices and, as if on cue, prices have appreciated rapidly in the last two weeks. The calculated 1‐day cash hog index stood […]

Pork Profit Maximizer, May 01, 2017

FoodService Edition Hog prices ready for their spring rally but large supplies on the ground will help keep prices in check. It is no surprise that hog prices move higher into the summer. Hog slaughter seasonally declines and better demand for grilling items tends to support cutout values. So far these spring hog prices have […]

Pork Profit Maximizer, May 1, 2017

FoodService Edition Hog prices ready for their spring rally but large supplies on the ground will help keep prices in check. It is no surprise that hog prices move higher into the summer. Hog slaughter seasonally declines and better demand for grilling items tends to support cutout values. So far these spring hog prices have […]

Pork Profit Maximizer, April 17, 2017

FoodService Edition February export data shows robust growth but the pace of growth has slowed down in recent weeks. Pork exports in February (fresh/frozen/cooked) were reported at 151,798 MT, 15.4% higher than a year ago and the fourth consecutive month of double-digit growth. Mexico remains the most important market for US pork exports at this […]

Pork Profit Maximizer, April 03, 2017

FoodService Edition Expanding pork supplies should help keep prices in check through 2017 and 2018 USDA released on Thursday, March 30, the results of its quarterly survey of US hog products. The latest report confirmed what many in the industry suspected, namely that US hog producers continue to expand and pork production in 2017 is […]

Pork Profit Maximizer, March 20, 2017

FoodService Edition Hog Slaughter Now Back to Levels Implied by the December ‘Hogs and Pigs’ Report. All eyes on the results of March survey, to be released March 30. Cash hog prices have been drifting lower in recent days following the sharp run‐up in price during February. The IA/MN negotiated base price last night was […]

Pork Profit Maximizer, March 6, 2017

FoodService Edition Ample supplies continue to offer retailers and foodservice operators plenty of opportunities to feature pork this spring and summer. Lean hog prices rose at a faster than normal pace in late January and February due to a short-term squeeze in the spot belly market, excellent demand in both domestic and export channels and […]

Pork Profit Maximizer, February 21, 2017

FoodService Edition US Pork Exports Were Key for Reversal in Hog Prices and Remain a Major Driver in the Market Today. The rally in hog prices during the last three months of 2016 helped turn around what was increasingly looking like an economic disaster for US hog producers. Hog prices in October were approaching 40 […]