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 […]

Hog Futures Tumb as US-China Trade Conflict Finds Another Gear

The US pork market remains extremely volatile, as participants swing from extreme optimism to extreme pessimism, often in the course of a single month. A recent example: The CME October 2019 lean hog futures contract gained 20% in the two week stretch between July 8 and July 23. The rally reflected more robust cash hog […]

US cow herd and 2019 calf crop post first year over year decline since 2014

Pork Profit Maximizer – Foodservice Edition July 22, 2019 According to the latest USDA semi-annual ‘Cattle Inventory’ report, released Friday, July 19, the total inventory of cattle and calves as of July 1 was estimated to be 103 million head, unchanged from the previous year and very much in agreement with the average of analyst […]

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 […]

Will Pork Demand Be Sufficient to Reduce Record Supplies?

Pork Profit Maximizer – Foodservice Edition July 8, 2019 The total inventory of all hogs and pigs as of June 1 was estimated at 75.026 million head 3.6% higher than a year ago. This comes in higher than the 3% average expected from the pre-report estimates. This is the largest June inventory of all hogs […]