Evaluating Lower Market Weights
When low hog prices come, it never takes long for someone to call for lower market weights in order to reduce pork supplies and push prices back upward...
Canada Launches Culling Program
The government of Canada announced a Cull Breeding Swine Program this week that it is hoped will remove 10% of Canada's breeding herd from production. Here is what we know...
Canadian Report No Hit, Possibly a Miss
Last week's Canadian Hog Statistics report has been a topic of discussion in many quarters this week. It appears that virtually everyone, including Canadian producers and industry analysts, believe that Statistics Canada has missed the count...
New "Highs" for Corn, Soybeans?
The title line of Ella Fitzgerald's classic, "How High the Moon," keeps coming to mind these days. Just how high is "high" in the grain markets? And how high will high be regarding hog markets in the coming months and years?...
Futures Could Stem Liquidation
Chicago Mercantile Exchange (CME) Lean Hogs futures appear to be confirming a cycle low, especially given the performance of deferred contracts over the past few weeks...
Sow Prices Crumple
Sow prices have plunged this week as large numbers of sows -- especially light ones, according to my contacts -- hit the market at a bad time of the year...
Hog Cycle: Misery Loves Company
The last time that the hog-corn price ratio was at 30 was the week of June 22, 2006. Omaha cash corn was $1.99/bu. and Iowa-southern Minnesota barrows and gilts sold at a base price of $84.02/cwt carcass or $62.18/cwt live...
Tough Year - But How Bad Will It Get?
There has been a lot of doomsday talk about the pork industry this week. I certainly can't argue against the idea that 2008 will be a very tough year for U.S. pork producers and, as I have pointed out before, even worse for Canadian producers...
Production Adjustments Will Come
The rumblings of the past couple of weeks have centered on the question: "How can these hog producers be expanding so much if conditions are as bad as they say?" Or, more pointedly: "Why are those big guys...
Be Careful What You Wish For
You've heard the old adage: "Be careful what you wish for!" Well, it came home to roost for me with yesterday's quarterly USDA Hogs and Pigs report. I've lamented how boring the past few reports have been...
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