Hog Prices-Markets

“The early part of the year should look very different than the latter, but in total, economic growth is estimated to be about 4%, following a retreat of roughly 4% in 2020,” says Dan Kowalski.

To protect essential frontline workers, JBS USA has voluntarily removed hundreds of at-risk workers from a Greeley, Colo., beef plant in response to rising COVID-19 infections in the community.

The report says total crop receipts are expected to increase $6.5 billion from 2019 levels. Total animal product receipts are expected to decrease $9.7 billion.

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.

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.

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.

Rich Nelson of Allendale says corn and soybeans showed resilience rallying into the close on strong demand. However, he thinks it may be exporters front loading their purchases. Cattle reverse in reaction to the McDonald’s E.coli story.