Hog futures limit down on Friday even as China pork prices spike

Pork Profit Maximizer – Retail Edition August 19, 2019 The pork cutout had been trending higher in the first two weeks of August but posted a sharp decline on Friday. October futures were down the daily permissible limit on expectations that, in the short term, record pork supplies will drive the cutout even lower in […]

Will Higher Tariffs Derail Pork Prices in Q4 and in 2020?

While there is a lot of uncertainty going forward, and we think China may not buy as much from the US if the tariffs persist, we still expect a significant increase in Chinese pork exports in the second half of the year vs. last year’s levels. This should help support overall pork cutout values. Our […]

August hog futures jump on weather risk

Pork Profit Maximizer – Retail Edition July 22, 2019 We have raised our forward projections for hog and pork prices given the higher upside risk from weather conditions currently affecting hog producing regions and renewed speculation about export demand from China. We continue to note that the current environment is highly speculative. On the positive […]

Big Increase in Supply Pushes Pork Prices Lower

Pork Profit Maximizer – Retail Edition June 24, 2019 Earlier in the spring futures markets struck a very bullish tone for the US meat complex, largely based on expectations that a meat supply hole in China would present significant competition for domestic end users. The role of futures markets is to look for supply/demand imbalances […]

Feed grain cost inflation expected to remain muted into next year

Pork Profit Maximizer – Retail Edition April 29, 2019 Feed cost inflation has been extremely limited in the last three years, helping bolster livestock producer margins and one of the key factors behind the surge in US meat protein production. It is still too early to focus on planting progress despite speculation of excessive moisture […]

Market Hogs and Supply Estimates for Spring and Summer

Pork Profit Maximizer – Retail Edition USDA estimated the total number market hogs as of March 1 at 67.948 million head, 2.1% higher than the previous year. Analysts polled ahead of the report on average also expected the number of market hogs to be 2.1% higher than the previous year. But while the increase in […]