With only 11 legislative days left, Congress has a number of key issues that must be finalized before the end of the year. Two of the most pressing are the fiscal year 2016 appropriations bill and the highway bill....More
Narrow profit margins often fuel hog farmers to sharpen their pencils on expenses, but staying proactive during a downturn in the market can keep cutbacks from financially draining a hog farm’s profit in the long run....More
The USDA is forecasting net farm income to fall to $55.9 billion this year compared to an estimated $90.4 billion in 2014. This 38% drop from 2014 is the largest single-year drop since the 1980s....More
Hog markets seem to be finding a bottom. That’s good news. I just wish the bottom wasn’t quite so low. Every futures contract has gained $3 to $5 over the past week and, this could well be the high-water mark for hog slaughter this fall....More
Until we see a bit of positive news, the reality is there’s no reason for buyers of pork to bid up the market. Pork packers continue to have strong margins with cutout running around $74 per hundredweight and maintaining a $20 margin over cash....More
USDA is awarding Fiscal Year 2016 funding for the Foreign Market Development Program and the Market Access Program to more than 60 U.S. agricultural organizations to help expand export markets for U.S. products....More
What issues should the Pork Checkoff prioritize to best support the U.S. pork industry?
The National Pork Board recently announced that Chris Hodges will join the National Pork Board as its new chief executive officer on Feb. 16. Currently based in Kansas City, Hodges is senior vice president - business development of Smithfield Farmland. In his new position, Hodges will oversee the Pork Checkoff. Of the many issues facing the pork industry, which ones do you think the National Pork Board should prioritize when it comes to implementing research, education and promotional efforts on behalf of U.S. pork producers? Please leave a comment if you have something to add to the list or discussion.