Latest News From Hog Prices-Markets

U.S. President-elect Joe Biden has said that he will not immediately act to remove the Phase 1 trade agreement, which President Donald Trump inked with China, the New York Times reported on Wednesday.

The first shipment of breeding pigs to utilize the Livestock Export and Inspection Facility at St. Louis Lambert took off for Sao Paulo, Brazil on Nov. 11, making history as they left aboard a Boeing 747-400F.

On Nov. 9, more than 200 local meat and poultry processors in Iowa were awarded Meat Processing and Expansion Grants from the Iowa Department of Agriculture and Land Stewardship.

Pork exports continue to maintain a record pace in 2020, increasing 10% year-over-year in September. Beef exports were fairly steady with last year in major Asian markets, but trended lower overall.

Agricultural producers and professionals focused on livestock risk management are invited to a free webinar on livestock markets, price risk and risk management options available through USDA. 

Cattle and hog finishing margins are both positive for the fourth consecutive week despite the fact cash prices for cattle and hogs were slightly lower last week.

Average cattle and hog finishing margins are both positive for the third consecutive week, according to calculations in the Sterling Marketing Profit Tracker.

August exports of U.S. pork and beef muscle cuts were above last year's strong volumes, according to data released by USDA and compiled by the U.S. Meat Export Federation.