Hog Prices-Markets
Soybeans close higher for a third session still putting in weather premium. Cattle and hogs also saw strength with end of month and quarter positioning.
Cattle shook off a bearish a Cattle on Feed placements number, while hogs consolidated. John Payne with Advance Trading, discusses where the markets head next.
Cattle getting some help from ideas the cash market may be close to a bottom. Grains continue to digest Pro Farmer Crop Tour results and weather.
Low Feed Prices Make Cattle Margins Attractive
Wheat sees a short covering bounce, while cattle fall with fund liquidation and lower cash.
Joe Kooima of Kooima Kooima Varilek says row crops have had a tough week making new lows — and Friday is off to a similar start.
Shawn Hackett, Hackett Financial Advisors, says soybeans rally with corrective buying following meal, but corn and wheat end mostly lower ahead of USDA Reports.
Steve Meyer, senior livestock economist, Ever.Ag Insights, says cash and cutouts just stalled the last six weeks, pulling down lean hog futures and cutting into break evens and profit levels.
Agriculture Secretary Tom Vilsack announced that USDA is allocating $300 million under RAPP to 66 U.S. organizations to build demand for American food and farm exports in high-potential markets around the globe.
Dr. Vince Malanga shares insights on the U.S. economic outlook, and what areas demand the most attention.
Cattle open lower but off lows. How bearish was the COF and will weather, higher cash trump it? Hogs down w/slightly larger herd. Grains open higher then turn mixed. Brad Kooima, Kooima Kooima Varilek, has more.
With all that’s been talked about regarding 2023’s trials and tribulations in the pork industry, there may be one final question to ask as we flip the calendar. “Is this a defining moment?” asks economist Lee Schulz.
The Grinch is writing closeouts ahead of the holidays as cattle and hog profit margins tumble to their lowest point since the summer of 2020, just months into the COVID pandemic.
The agency says exports picked up steam this year in countries such as Canada, India and Japan and that the new Regional Agricultural Promotion Program will keep the wheels of progress turning in 2024.
Secretary of Agriculture Tom Vilsack announced updates on how USDA plans to address the complex competition issues in agricultural markets in order to create a fairer playing field for small- and mid-size farmers.
“It’s likely managing a slimmer margin in production agriculture will be closer to the 1980s than the 2010s.”
A market analyst shared a gloomy outlook for the country on Thursday, saying the U.S. balance sheet and financial condition have been deteriorating significantly over the last decade. He expects more of the same ahead.
China contains the largest population of any country in the world. All those mouths drive demand across the globe and for your farm’s products.
Could agriculture face a Southwest-type meltdown?
The July Ag Economists’ Monthly Monitor showed several key changes from June including a bigger cut to corn and soybean yields, a drop in corn and soybean prices and more bullish cattle and hog prices.
Average cattle and hog finishing margins are both positive for the third consecutive week, according to calculations in the Sterling Marketing Profit Tracker.
Cattle and hog finishing margins are both positive for the fourth consecutive week despite the fact cash prices for cattle and hogs were slightly lower last week.
Cash fed cattle prices ended last week $10 per cwt. lower than last year while the beef cutout closed $16 higher than the same week a year ago. The result? Packer margins $314 per head more than last year.
Chilean authorities on Monday confirmed the South American country’s first outbreak of avian flu in poultry, prompting it to suspend chicken exports from the country.
Demand concerns have been intensifying with the spike in Covid numbers in China. That’s been sending a negative tone across the energy sector, equities and portions of the ag markets.
The new year brings fresh market action, but volatility continues to be the main theme to enter the new year. As farmers look ahead, analysts say there are some keys lessons to keep in mind from 2022.
Global diesel and distillate fuel stocks have fallen to dangerous levels and the U.S. has been exporting a lot of diesel to Europe and Latin America, but now things are changing.
The editors at AgWeb.com are looking at experts’ projections for commodities in 2021 to help you succeed in the coming year. Here’s a look at what analysts expect for the upcoming year in the protein segments.
U.S. President-elect Joe Biden has said that he will not immediately act to remove the Phase 1 trade agreement, which President Donald Trump inked with China, the New York Times reported on Wednesday.
While China grapples with choosing which production lines to reopen, the food shortage conversation looks to ramp up.