Hog Prices-Markets
Shares of Brazil’s JBS SA rose 7% in early morning trading on Wednesday after the world’s largest meatpacker reported strong first-quarter results in spite of headwinds faced by its large U.S. beef business.
(Adds details from earnings statement) SAO PAULO, May 14 (Reuters) - Brazil’s JBS SA , the world’s largest meat-packer, on Tuesday reported a net profit of 1.64 billion reais ($319.74 million) for the first quarter,
Batista brothers have been elected to JBS SA board of directors.
Strong global demand for U.S. pork has been been a bright spot for the industry. Fueled by growth in the Western Hemisphere, South Korea and Australia, U.S. pork exports posted another excellent performance in February.
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.
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 Sterling Beef Profit Tracker reports average cattle feeding closeouts were in the black last week, but with little room to spare.
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.
Average feedyard closeouts saw modest profits for cattle last week as cash prices improved. Hog finishing margins declined from near breakeven to a loss of $6 per head.
Higher grain prices and lower cash livestock prices contributed to a decline in feeding margins last week, leaving closeouts showing red ink for both cattle and hogs.
Cattle and hog feeding margins were little changed last week, with both recording modest losses. Beef packers saw improved margins on significant gains in wholesale beef prices.