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...
Canadian Pig Surge Continues
Pig imports from Canada are setting records about every week. A new record was set last week for feeder pig imports at 152,371 head...
Factoring In Feed Grain Price Volatility
What goes up must come down. That's true regarding gravity and it usually holds when applied to markets. The questions that usually remain, then, include how long will it take for market forces to bring prices down? Or, has something fundamental changed...
U.S. Herd Continues Remarkably Stable Run
It is not terribly difficult to describe what's currently happening in the U.S.-Canadian pork industry....
Worst of Fall Hog Prices May Be Over
The Thanksgiving holiday usually marks (or is at least very close to) the seasonal low in hog prices. Cash hog strength this week definitely suggests that may be the case this year, in spite of a Thanksgiving week slaughter total that...
Pork Exports' Remarkable Rebound
It's big news (at least for people who follow NASCAR) when Jimmy Johnson spots Jeff Gordon a big lead and then wins four in a row to reel him in and put himself on the cusp of his second straight championship...
Thinning Profits Inevitable
Iowa State University's Department of Economics reports that the average farrow-to-finish producer was once again profitable for September market hog sales -- but just barely...
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