Hog Prices-Markets
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.