Beef supply has been large due to heavy placements of heavy calves and the beginning of more females coming to market as herd expansion may be slowing.
In the June Hogs and Pigs survey, pork producers told USDA they had increased the size of the breeding herd by 1% relative to year-ago levels.
Higher feed prices are once again the main story when it comes to reducing prospects for profitability in pork production. Will higher feed prices erase hog profits?
Cattle prices have had a rough spring. After peaking in late 2014 and early 2015, prices have been adjusting downward from very lofty peaks.
Pork producers are reducing farrowings in 2016. That means pork supplies will be somewhat less than had been anticipated and that hog prices will be somewhat higher.
The outlook for the pork industry has turned somewhat more optimistic in recent weeks. The sources of that optimism include a $2-$4 increase in spring and summer lean hog futures prices since the first of the year and slightly lower new-crop soybean meal p
Nothing like record cattle prices and profitability to get an industry excited about expansion. The latest USDA Cattle report shows a rapid expansion is underway with cattle and calf numbers up 3% and beef cow numbers up 4% in the past year.
A glance at a chart of commodity prices over say 100 or more years reveals periods of surging prices followed by a period of moderation in prices. Once prices moderate, they may stay relatively low for an extended time. Some have observed that this total c
Pork producers in 2016 are expected to experience another year of tight margins similar to the year just completed. Pork production is expected to rise by about 1%, but beef production will rise by 4% and poultry by about 3%.
Live hog prices fell to their lowest level since November of 2009. The source of the current downturn in prices seems to have components from both supply and demand.