Hog slaughter remains well below levels implied by September Hogs and Pigs survey

Pork Profit Maximizer – Retail Edition Hog slaughter numbers so far are lower than previously expected. Take the slaughter numbers from last week. Initially, USDA pegged hog slaughter for Tuesday at 473,000 head, which would be a full slaughter run given current capacity. However, that number was revised lower by about 22,000 head as an […]

Pork market volatility remains high on hurricane supply disruptions

Weekly Pork Profit Maximizer – Retail Edition Highlights Pork cutout values were notably higher this week but we caution about reading too much into the latest numbers. The supply of pork was sharply curtailed as two major hog processing plants were knocked offline by approaching Hurricane Florence in North Carolina. Smithfield has two plants in […]

Hog prices have declined by more than 20% from their early summer peak and are expected to remain well below year ago levels through the end of the year

Pork Profit Maximizer – Retail Edition Highlights US domestic pork availability is burdensome in the near term and hog prices have collapsed as packers struggle to balance the seasonally softer pork demand in late summer with the rapid ramp-up in hog slaughter. Expectations of higher supplies in the fall may have encouraged processors and other […]

The flow of hogs to market has been anything but smooth

Pork Profit Maximizer – Retail Edition Highlights Hog slaughter three weeks ago was up 8% compared to a year ago. Then for the week ending July 28 slaughter registered an 11% decline as the largest US pork packer had to shut down plants in order to perform scheduled maintenance. It appears that slaughter at Smithfield […]

Pork exports near zero to China and Mexico

Pork Profit Maximizer – Retail Edition Highlights Lean hog futures have declined sharply since the beginning of July on concerns that slowing export sales and record production will force more product into domestic channels. The two markets where US pork now faces new tariffs are China and Mexico. Two rounds of 25% tariffs on US […]

Hog slaughter last fall was at all time record levels

Pork Profit Maximizer – Retail Edition Highlights US hog producers have been expanding rapidly in the last three years thanks to low feed costs and robust meat protein demand in domestic and export markets. Hog slaughter last fall was at all time record levels and significant new processing capacity has been added to accommodate the increase […]