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, Oct. 30, 2017

Retail 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). Interestingly, the IA/MN […]

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, Oct. 16, 2017

Retail 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 turnaround in cash hog prices has bolstered both nearby and deferred futures contracts. The October contract closed on Friday at […]

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, Oct. 2, 2017

Retail 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 as to why futures rallied on Friday […]

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, Sept. 18, 2017

Retail 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 shortlived, with […]

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, […]