Exports of pork cuts continued to show growth in March but variety meat shipments were notably lower on weak China demand
Pork Profit Maximizer – Food Service Edition Highlights March pork exports were 538.1 million pounds on a carcass weight basis, 14.3 million (+2.7%) higher than a year ago. Exports to key markets such as Japan and Mexico were down in March but were offset by a sharp jump in shipments to South Korea. Mexico remains […]
USDA forecasts increasing pork supplies and highest per capita pork consumption in 20 years
Pork Profit Maximizer – Retail Edition Highlights USDA adjustments to 2018 pork production were relatively minor. Q2 production growth was revised down to 4.3% compared to a 4.7% increase forecast in April. Lower weights likely contributed to this adjustment. No changes were made to pork production forecasts for the second half of the year and USDA […]
Weekly Pork Price Summary, May 11, 2018
Weekly Pork Price Summary, May 4, 2018
March inventory of pork products in cold storage 12% higher than a year ago
Pork Profit Maximizer – Food Service Edition for April 30, 2018 The inventory of all pork products in cold storage at the end of March was 611.0 million pounds, 12% higher than a year ago and at the same level as the five-year average. In the last five years, the average drawdown of pork cold […]
Ample supplies and still high retail bacon prices continue to pressure wholesale belly values
Pork Profit Maximizer – Retail Edition for April 30, 2018 Highlights We have presented the chart below two weeks ago but thought it was appropriate to update and show again. It illustrates, in our opinion, part of what’s wrong with the market for pork bellies. Supplies are historically large for his time of year given the combination […]
Weekly Pork Price Summary, April 27, 2018
Weekly Pork Price Summary, April 20, 2018
Pork Profit Maximizer, April 16, 2018
Retail Edition Highlights Rising pork supplies have pressured prices lower so far this spring and values are forecast to be under year-ago levels into summer and fall. For now, the impact has been much more significant on hogs rather than wholesale pork values. The average IA/MN base price in March was $56.8/cwt, 14% lower than […]