Cold Storage Trending Up
USDA’s monthly cold storage report, released yesterday (May 21), showed a slight reduction in April 30 frozen pork inventories from their record level of March 31. Total pork in commercial warehouses amounted to...
Expect Congress to Override Farm Bill Veto
It appears that we now have a 2008 farm bill approved by both houses of Congress. The president has promised a veto, but the majorities in both houses were far beyond the levels required to override a veto. Some Republicans may switch sides to support the president, but observers think the override is a certainty....
Pork’s Part in the Farm Bill
The 2008 farm bill continues to slog through Congress. The bill is still in conference committee where conferees from both houses are trying to work out the differences between their two versions. If and when...
Hog Prices Just an Anomaly?
To use an appropriate porcine question: Will demand save our bacon? When we look at the last two weeks, the answer could certainly be a resounding “Yes!” Why else would packers be aggressively chasing hogs when slaughter rates are so high? And why else...
Higher Prices Offer Little Relief
It is difficult to believe that spot market carcass prices of $67/cwt. and futures contract prices in the $70s (and $80s for the deferred contracts) can leave the pork industry in a serious financial situation...
Why Heavyweight Hogs, Now?
Big question of the day: Why are pork producers selling such heavy hogs when feed costs so much and profits are so awful?...
Pork Exports Gain More Strength
Let’s start with some good, good news: U.S. pork exports are smoking thus far in 2008! USDA’s Foreign Agricultural Service data released Thursday indicate that pork exports set an all-time monthly record of...
What’s Up with Sow Prices?
Just how fast are producers responding to the worst economic conditions since price collapse of the ’98-99 – or perhaps ever? That has been a topic of widespread discussion these past few weeks...
USDA Report Called "Ugly"
If U.S. and Canadian hog producers needed any more cold water to shock them into full-scale contraction, Friday’s Quarterly Hogs & Pigs Report from USDA ought to do it. The numbers are huge and point to...
Look for Analysis of USDA Report
Watch your inbox Monday for our Hogs and Pigs Report Review. The report will be released at 2 p.m. CDT on Friday and promises to be one of the most watched and analyzed USDA reports in quite some time. USDA obviously missed the......
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