Hog Prices-Markets
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.”