FoodService Edition Hog prices ready for their spring rally but large supplies on the ground will help keep prices in check. It is no surprise that hog prices move higher into the summer. Hog slaughter seasonally declines and better demand for grilling items tends to support cutout values. So far these spring hog prices have […]
February export data shows robust growth but the pace of growth has slowed down in recent weeks.
FoodService Edition February export data shows robust growth but the pace of growth has slowed down in recent weeks. Pork exports in February (fresh/frozen/cooked) were reported at 151,798 MT, 15.4% higher than a year ago and the fourth consecutive month of double-digit growth. Mexico remains the most important market for US pork exports at this […]
Expanding pork supplies should help keep prices in check through 2017 and 2018.
FoodService Edition Expanding pork supplies should help keep prices in check through 2017 and 2018 USDA released on Thursday, March 30, the results of its quarterly survey of US hog products. The latest report confirmed what many in the industry suspected, namely that US hog producers continue to expand and pork production in 2017 is […]
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
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 […]
Ample supplies continue to offer retailers and food‐service operators plenty of opportunities to feature pork this spring and summer.
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 […]