Pig Crop Report Revisited
First, a correction to the Hogs and Pigs special report you received on Monday. Table 1 (attached) has the correct figure of 28.387 million head for the Dec.-Feb. pig crop last year...
Bullish and Bearish Numbers
USDA’s quarterly Hogs and Pigs report, released on Friday, was once again a mixture of bullish and bearish numbers with market supplies a bit bearish and breeding herd numbers a bit bullish in the long run....
Pig Crop Projections and Long-Term Trends
This afternoon, USDA will release its estimates of U.S. hog and pig inventories on March 1. Watch your e-mail on Monday for a summary of the report and its implications for...
Meat Demand is Risky Business
I remain very concerned about meat demand, in general. I have believed for some time that this is far and away the largest risk factor for the U.S. pork industry in 2009....
Patience – Spring is Coming!
It has been a long, cold winter — made considerably colder and longer for hog producers by a constant flow of red ink....
Forecasters Predict 10-15% Drop in Pork Exports
“What are exports going to do this year?” I get that question a lot these days as producers, packers and processors, knowing the huge role that exports played in 2008, contemplate what is almost certainly the first year-on-year export decline in 18 years....
Pork Demand Signals Offer Hope
Finally some good news: The University of Missouri’s demand indexes for the three months from November 2008 through January 2009 are all higher than one year ago, some of them sharply so....
Pork Export Value Up 49.5% in 2008
December pork exports were surprisingly strong, given all of the doom and gloom we’ve heard, plus the sharp strengthening of the U.S. dollar last fall....
Six Questions to Answer Before Expanding
A few weeks ago, a banker friend called and asked for some advice. He has a client in the heart of the Corn Belt with 300 sows, farrow-to-finish, who was contemplating a move to 600 sows. But the producer was concerned that there was no place......
Negative Market Psychology
The recent selloff in Chicago Mercantile Exchange (CME) Group Lean Hogs futures has some people wondering if the hog markets are going to follow the meltdown example set by equity and energy markets over the past few months....
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