Hog Prices-Markets
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.