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Pork cutout futures continue to signal lower wholesale prices for the spring and summer as demand eases lower following the COVID-related spike in 2021 and 2022.
Hog slaughter was lower last week as snowstorms disrupted the transportation of hogs to processing facilities. U.S. hog producers are still incentivized to pull hogs forward as current prices are below the cost of production.
Pork exports to international markets are vital to the U.S. pork industry. 2021 was a record year for exports, and 2022 followed with its own big success worth celebrating: as a top three record export year.
The pork market continues to trade sideways on ample supply and, more importantly, a weaker than expected demand across a range of items.
Carbon markets are the latest buzz but what exactly are they? How do they work? What questions should you ask?
Despite 2% decline in slaughter anticipated by the USDA, pork supply coming to market continues to be far higher that expected.
Hog slaughter was near 2.7 million head last week as producers sought to schedule hogs that were backed up due to winter storms and holidays. Slaughter is expected to be lower this coming week, in part because some plants will be dark on Monday for MLK holiday.
You asked. They answered. A panel of economists answers pork producers’ questions about pork markets and the December USDA Hogs and Pigs Report.
USDA hog inventory survey suggests that hog slaughter will be down 2% y/y through May, but then increase about 1% to 1.5% for the summer months. The increase in the breeding herd and more pigs per litter should increase supplies in the second half of 2023.
$20 million grant available to Iowa, Minnesota and Missouri pork producers to advance climate-smart agriculture practices.
A message from Heather Hill, NPB board president — As we close out 2022, I am filled with optimism and confidence in the future of our industry.
Slaughter is at annual highs, while retail demand for fresh pork has yet to kick in. Ham prices have eased as Christmas orders have been filled.
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Find information about sustainability and pork industry ethical principles at porkcares.org.
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