Hog Prices-Markets
Grains close mixed with a big rally in soybeans pulling up corn, while wheat ended lower after the WASDE. Cattle were mixed, hogs set back. Michelle Rook gets analysis with Darren Frye of Water Street Solutions.
Grains ended mixed still trying to determine crop size after weekend rains and ahead of crop ratings. Livestock were strong with new contract highs in October lean hogs.
Europe and the Netherlands have been dealing with an increasingly incendiary political situation pitting the country’s farmers against EU government plans to decrease greenhouse gas emissions by half by 2030.
President Biden says he has not made a decision yet on whether to lift some of the $370 billion of tariffs imposed on Chinese imports by the Trump Administration.
Economists see interest-rate increases raising likelihood of recession to 44% in coming 12 months.
U.S. pork exports are trailing last year’s record setting pace.
IN-DEPTH MARKET ANALYSIS: Wednesday was a risk-off day in the agricultural commodity markets.
Biden says Ukraine has 20 million tons of stored grain awaiting export to various countries. He says lack of port movement coupled with halted planting in Ukraine will ignite a global food crisis unless action is taken.
UPDATE: WASHINGTON (AP) - Biden: US ban on Russian oil a ‘powerful blow’ to ‘Putin’s war,’ warns Americans ‘defending freedom is going to cost.’
The United States and the European Union have downgraded their dispute at the WTO over steel and aluminum tariffs applied by former U.S. President Donald Trump in 2018 and subsequent EU retaliation.
India has agreed to allow imports of U.S. pork and pork products into its country.
This data confirms the obvious — there is plenty of income and cash in farm country and is being reflected in the record prices being paid for farmland.
USDA currently pegs soybean plantings at 87.5 million acres. Market analysts offer projections both above and below that number and explain their rationale, which includes the South America crop and weather forecasts.
Concerns over the COVID-19 variant headlined news last week. Bob Utterback of Utterback Marketing and Mark Gold of StoneX Group both say they are friendly on cattle and hog prices, but caution about outside influences.
Despite COVID-19 variants, inflationary pressures and supply chain limitations, consumers will continue to power the economic rebound,
One result of the pandemic was a spike in savings rates. In the U.S. last April, Americans collectively saved a record 30% of their income. John Phipps looks at China’s savings rate and what it’s meant for exports.
Tyson Foods Inc beat quarterly profit estimates on Monday and forecast fiscal 2022 revenue above market expectations on rising meat prices and improving demand from restaurants that reopened after COVID-19 restrictions.
The price shoppers pay for items like meat at the grocery store are expected to continue the rapid rise. An updated Consumer Price Index shows wholesale beef prices could increase 20% this year.
The concept of “goal-based marketing” is easy to understand. The strategy links the sale of crops or livestock to a goal for your business.
China’s pork production is expected to decline 14% in 2022, while pork imports are expected to climb 5.1 MT with consumer demand exceeding domestic production, according to a USDA attaché report released last week.
After JBS confirmed a cyberattack shuttered some of its processing plants, USDA’s daily cattle slaughter estimates revealed 94,000 head of cattle were processed on Tuesday, a drop of 27,000 head compared to last week.
Less than two weeks after JBS was hit with a cyberattack impacting operations in Australia and North America, Congress is now calling on JBS to provide documents and communications related to the May 30 attack.
Chinese buyers bought 1.36 million tonnes of U.S. corn, matching their seventh biggest ever purchase of U.S. supplies of the grain, the U.S. Agriculture Department said on Friday.
A tradition for more than 100 years will now be a thing of the past. The CME Group announced this week it’s not reopening the open outcry pits on the trading floor, which means the tradition will be gone for good.
USDA revealed COVID-19 is still impacting U.S. pork supplies. The latest Hogs and Pigs Report showed a surprise reduction in overall numbers, including sows.
The Senate has scheduled a vote on Tom Vilsack’s nomination for Secretary of Agriculture on Feb. 23. In early February, the Senate Agriculture Committee unanimously approved President Biden’s pick to lead USDA.
Whether it’s to fulfill Phase One promised, or an increased need for feed, some say the timing of the record Chinese buys isn’t a coincidence. So, what’s driving the record demand from China?
Senate Agriculture Committee Chairwoman Debbie Stabenow (D-Mich.) says she supports the Biden Administration’s move to freeze payments under the Coronavirus Food Assistance Program (CFAP).
USDA late Wednesday posted notice that $2.3 billion in supplemental Coronavirus Food Assistance Program (CFAP) payments will be temporarily frozen.
President Joe Biden’s trade team is coming together, and it looks to be stacked with individuals who were key in crafting the U.S. Mexico Canada Agreement (USMCA).