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 […]
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 […]
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 […]
FoodService Edition Pork belly prices spike on tight short-term spot supplies, short covering and panic buying but longer term demand is far from certain.
FoodService Edition Excellent demand and a modest recent slowdown in growth help firm meat prices at the outset of the new year. Meat protein supplies have increased rapidly in recent months as lower feed costs have fueled expansion both in the red meat and poultry industry. In the last six reported weeks, red meat and […]
FoodService Edition Price corrections last summer allowed US exporters to become increasingly competitive in the global marketplace, with double-digit export increases registered for all key proteins. Preliminary data, anecdotal evidence and simply the reality of higher meat prices at a time of supply increases all told us that exports in Q4 were particularly strong. The […]