Rising Pork Exports Add to U.S. Jobs
As U.S. pork exports climb, pork production increases and so do pork prices, which in turn creates jobs, according to a recent analysis conducted by Iowa State University economist Dermot Hayes...
Year-End Meat Inventories Down
Friday’s Cold Storage report was not wildly bullish, but was certainly good news regarding the status of frozen meat and poultry inventories. Stocks for every species were well below year-ago levels and lower than the already-low levels reported in the Decemb...
Smithfield Plans Closure of Sioux City Packing Plant
In a surprise move to the citizens of Sioux City, IA, and pork industry analysts, Smithfield Foods has announced that it will permanently shutter the John Morrell & Co. hog processing and fresh meat fabrication plant effective April 20, 2010...
Pork Exports’ Rise Best Results in 2009
U.S. pork exports continued their rebound in November, reaching their highest levels of 2009, while beef exports also rose above year ago levels, according to the U.S. Meat Export Federation...
New Decade Holds More Promise for Pork Producers | A Brand New Decade
Should old acquaintance be forgot and never brought to mind? These lyrics from the traditional New Year's Eve song Auld Lang Syne often sung in full voice...
More Volatility Ahead
Pork producers need to chart a course for survival, working closely with their lenders. Given all the issues, the embattled pork industry faces more volatility...
Savoring the Strength in the Hog Market
Is it demand or is it supply? That is the big question regarding the continued rally of cutout values and hog prices over recent weeks. Regardless of the driver, the resounding consensus from producers is:...
Hog Industry Liquidations Will Also Harm Consumers
The tough financial conditions facing pork producers will probably last another six months, forcing more decreases in U.S. pork production, according to Brian Buhr, an economist with the University of Minnesota Extension...
Mexico’s Pork Buying Edges Closer to Japan’s
U.S. pork exports in October were 6% lower on a product weight basis than those of October 2008. The decline in the most recent month for which data are available is a bit of a disappointment, since September had seen exports go to the positive side of the year-on-year ledger for the first time since March. ...
Good Market News is Rare, but Always Welcome
It was another good week for pork producers as hog prices rose and corn prices fell slightly. While welcome, producers are still losing nearly $20/head. At this point, we will take improvement where we can find it. ...
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