Sow farms are in the works, but few are farrowing yet. Producers remain cautious.
Top 20 producers add 61,200 new sows last year with more planned.
Productivity is sky-high for the nation’s largest producers; new processing plant hopes to help handle the glut next year.
Bob Christensen and several other Pork Powerhouses, including #10 Hanor and #21 New Fashion Pork, are shareholders in the new packing company Premium Pork, LLC (the name will soon change).
Our exclusive Pork Powerhouses survey shows that most producers are in action as hog prices plummet and grain prices rise into the fourth quarter.
You need to travel across the border to find much excitement among the Pork Powerhouses. With only 60,000 new sows added, our nation’s pig business is slow compared to our neighbors.
You need only look north to see where dirt is moving in the pork industry. A few years ago we looked south to North Carolina, Texas, and Oklahoma. No longer.
The pork industry was stunned, but not really surprised when word came September 1 that Smithfield Foods had signed a letter of intent to acquire Murphy Family Farms.
It’s going to be bloody. That’s the consensus of the 50 largest pork producers in the U.S. as they look toward the next few months.
Over 300,000 new sows have gone into production since last fall by the nation’s largest pork producers. Cheaper feed and better hog prices spurred these farms into aggressive expansion.