Profit tracker: Farrow-to-finish producers could see more profits
Farrow-to-finish pork producers could see profits double this year compared to last. That's according to the latest Pork Profit Tracker as calculated by Sterling Marketing of Vale, Oregon, AgDay’s Clinton Griffiths reports.
Producers saw their margins improve by 11-dollars per head. That puts losses at $30 per head. A year ago, pork producers were losing 20-dollars per head. As for an average profit, it's estimated it could be $3 per head this year, compared to $1.35 per head last year.
Strong Chinese Demand Boosted U.S. Pork Exports in October
Demand from China fueled U.S. pork exports in October. That's according to data released by the USDA and compiled by the U.S. Meat Export Federation, Griffiths says. October pork exports increased 8.5% percent year-over-year to more than 225,000 metric tons. Export value rose 10-percent to almost 600-million dollars.
California’s Proposition 12: NPPC, AFBF File Legal Challenge
The National Pork Producers Council and the American Farm Bureau Federation are challenging California's Proposition 12. NPPC says the rule imposes animal housing standards that reach outside of California's borders to farms across the U-S, and beyond, Griffiths reports.
NPPC says Proposition 12 would force hog farmers who want to sell pork to switch to alternative housing systems, at a significant cost to their business. It also says less than 1-percent of U.S. pork production currently meets Proposition 12's requirements. The legal complaint was filed in U.S. district court in Southern California. The proposition is scheduled to take effect January 1st of 20-22.
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