Latest News From Hog Prices-Markets

Pork and beef exports of $18.1 billion in 2023 had a significant impact on the corn and soybean industries, according to an independent study conducted by The Juday Group and released by the U.S. Meat Export Federation.

In Seoul, South Korea, an agribusiness trade mission organized by the USDA Foreign Agricultural Service is underway. Here's what's going on across the world right now.

The story of American corn and soybean production is a key tool in marketing U.S. red meat overseas. U.S. Meat Export Federation Chair Randy Spronk explained why at the Commodity Classic last week.

Denmark's farmers on Wednesday voiced concerns that plans to levy a carbon emission tax on farming as part of efforts to meet Denmark's ambitious climate goals would force them to reduce production and close farms.

Winter storms across the country have resulted in significant pork and beef supply disruptions in terms of livestock moving to processing plants as well as beef and pork moving to population centers. 

Mexico recently issued a decree extending zero-duty treatment of certain food imports – including pork, beef and poultry – from all eligible suppliers through the end of 2024. What does this mean for the U.S.?

USDA's Foreign Agricultural Service announces more than $203 million to nearly 70 agricultural organizations to help expand export markets via the Market Access Program and Foreign Market Development program. 

The Grinch is writing closeouts ahead of the holidays as cattle and hog profit margins tumble to their lowest point since the summer of 2020, just months into the COVID pandemic.

Cattle feeding margins fell deeper into the red while packer losses doubled from the prior week. Pork producer margins have now printed red every week for the past year.

Sen. Josh Hawley introduces the Protecting Interstate Commerce for Livestock Producers Act to protect farmers from costly regulations – made in other states – that will hurt their business and drive-up consumer costs.

It was a seasonally quiet week in grocery store meat departments and up the distribution chain for turkeys and hams, reports Steiner Consulting Group in the Daily Livestock Report. Here’s a look at pork, turkey and beef.

Cattle feeding margins fell deeper into the red last week while packer margins improved modestly. Pork producer margins erode further underwater.

Cattle feeding margins declined nearly $100 per head last week with lower cash bids and rising costs. Pork producer margins remain mired in red ink.

Although August exports of U.S. pork were steady year-over-year, beef exports were well below the large totals of August 2022, USMEF reports. Pork exports were led by Mexico and beef exports showed improvement over July.

Packers applied the brakes and cattle slaughter declined another 13,000 head last week and capacity utilization dipped 9%. Pork producer margins print $7 in the red.

Higher cattle prices and declining wholesale beef prices pushed packer margins further underwater last week. Pork producer margins inched into the black.

The Livestock Consolidation Research Act would direct a study on the impact of livestock industry consolidation, and a report about how this has affected new market entrants, access to resources and purchasing power.

U.S. pork exports wrapped up an excellent first half of 2023 with another strong performance in June. Although numbers are below the record pace established in 2022, June beef exports topped $900 million in value.

The July Ag Economists' Monthly Monitor showed several key changes from June including a bigger cut to corn and soybean yields, a drop in corn and soybean prices and more bullish cattle and hog prices.

There’s a $400 spread between cattle feeding margins and packer margins – now in the cowboy’s favor. Cattle harvest is lower as packers reduce hours, a signal their margins are in the red.

Canada's red meat sector expressed deep disappointment after the announcement that the United Kingdom joined the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). 

The tentative agreement that's been reached with the West Coast longshoremen is of paramount importance for U.S. red meat, says USMEF President and CEO Dan Halstrom. Here's why.

USDA announced on June 14 that it is implementing a multi-step effort aimed at strengthening the substantiation of animal-raising claims.

Profit margins for cattle feeders and packers continue pacing in opposite directions as shrinking supplies of market-ready cattle drive negotiated cash prices higher.

Cattle feeders experience largest average profits in seven years as packer margins dip into the red.

Thom Petersen says he wasn’t a ‘"feed-the-world’ type of person" when he started as commissioner. “But as you get out on trade missions...you realize there’s a lot of people that just need to be fed."

USMEF Spring Conference guest speaker Kenneth Smith Ramos, a former chief NAFTA negotiator for Mexico, says ag trade has thrived under NAFTA and its successor pact, USMCA, bolstering food security across the continent.

Tyson Foods Inc posted a surprise second-quarter loss on Monday and cut its full-year revenue forecast on falling beef and pork prices, sending the U.S. meat packer's shares tumbling 9% before the bell.

Average cattle feeding margins increased last week as negotiated cash prices set new record highs.

Profit margins for cattle feeders increased as cash prices moved higher last week. Pork producers continue operating with negative margins.

What is the state of the U.S. economy? How will these macro factors impact the agricultural economy? John Deere's Kanlaya Barr provides a guide to a few risks you should monitor in the next year.

Market participants seem to be more focused on the day-to-day trading in the spot meat/livestock markets, and the short-term impact from weather events, Steiner Consulting says.

For the third straight year, agricultural exports from the U.S. to the Dominican Republic have reached an all-time record with pork leading the way in 2022. 

Rising wholesale beef prices and declining packing plant utilization are two indicators to watch as the 2023 cattle markets unfold.

Cattle prices moved higher last week but cattle feeding margins remain modest. The supply-demand fundamentals are trending in favor of cattle feeders.

U.S. pork exports saw continued growth in November, posting the largest volume and value numbers of 2022. Despite a November slowdown, beef export value sets records in key markets. Here's a look at what's happening.

The Biden administration is awarding an additional $9.6 million in grants and loans to expand meat processing across the country, it announced on Thursday as the government tries to diversify the industry.

Spiking wholesale beef prices the week before Christmas helped lift packer margins into the black while increasing cattle feeding margins.

Has the hype cooled for plant-based meat alternatives? Purdue economist Jayson Lusk thinks so. Here's why.

Although China imported more than $205 billion worth of agricultural products in 2021, including more than $37 billion from the U.S., trade barriers deterred China’s imports from reaching even higher levels.

McDonald's Corp. is accusing leading suppliers of pork of conspiring to fix pork prices over the past 14 years in a lawsuit filed Nov. 25.

There’s no question the pork and beef markets indicate consumers want more pork and beef. Scott Brown of the University of Missouri weighs in on what this could mean for 2023.

U.S. pork exports topped year-ago totals for the second consecutive month in September, while beef exports dipped below the $1-billion mark but remain on a record pace.

Global diesel and distillate fuel stocks have fallen to dangerous levels and the U.S. has been exporting a lot of diesel to Europe and Latin America, but now things are changing.

Whole Foods Market was sued on Tuesday by three consumers and an animal welfare nonprofit, in a lawsuit accusing the Amazon.com Inc unit of falsely marketing beef with the slogan "No Antibiotics, Ever."

Australia and New Zealand said they were aware of Chinese media reports of a ban on meat imports from both countries by Beijing but had not received any official notice and shipments had been clearing as normal.

China is on track to be the leading international buyer of U.S. ag products for a third consecutive year. Much of the boost can be attributed to significantly higher prices this year versus last.

Lower average cattle prices last week cut average feedyard margins by $43 per head last week, while pork producers saw a $5 per head increase in average margins.

Biden says Ukraine has 20 million tons of stored grain awaiting export to various countries. He says lack of port movement coupled with halted planting in Ukraine will ignite a global food crisis unless action is taken.

Gross incomes for both cattle and hog producers were up double digits from 2020 to 2021, according to a recent report from USDA's National Agricultural Statistics Service.