Articles tagged under: hogs

Backed Up 400,000 Hogs Per Week

Published April 23, 2020

Due to COVID-19, eight percent of U.S. meat packing capacity is off line. With more employees staying home from work over concerns about the virus, many plants are operating at 50-to-70 percent of their normal production. That leaves the industry…

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Executive Order Gives SD Hog Farmers More Time

Published April 21, 2020

A new executive order in South Dakota allows hog farmers to humanely hold onto pigs a little longer than normal. "This will only work on the lighter weight market hogs," explained Glenn Muller, executive director, South Dakota Pork Producers Council. "For…

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Large Losses Expected for U.S. Pork Producers in COVID-19

Published April 15, 2020

According to an economic analysis by Iowa State University economist Dermot Hayes and Kerns & Associates economist Steve Meyer, hog farmers will lose nearly $37 per hog or almost $5 billion collectively for each hog marketed the rest of the…

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Traders Compare Impact of Packing Plant Shutdowns

Published April 14, 2020

According to Summit Commodities market analyst Tim Marsh, having the Smithfield Foods pork plant in South Dakota shut down is comparable to having the beef plant in Kansas shut down last summer. Marsh says the difference is the current prices.…

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Anaylsts Closely Monitor Smithfield Foods Closure

Published April 13, 2020

Market analysts are watching the Smithfield Foods plant closing in Sioux Falls very closely. "I do think there are hedge funds in the market selling the headlines," explains Steve Wagner, market analyst, CHS Hedging. "That's the market, but the reality…

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Fewer MN Hogs and Pigs in March

Published March 27, 2020

According to the USDA, there were 9.3 million hogs and pigs on Minnesota farms as of March 1. The inventory is down one percent from the previous quarter, but six percent more than one year ago. Marketings were up six…

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Livestock Markets Trying to Look Past COVID-19

Published March 25, 2020

Packers within the cattle industry are stepping up, offering premiums to cattle feeders for the week of March 23. Another glimmer of good news is the cattle markets have rebounded to start the week. As the commodity markets try to…

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Decent Export Sales on Thursday

Published February 27, 2020

According to the USDA weekly export sales report, U.S. sorghum export sales hit a marketing year high of 444,500 tons to unknown destinations. The export numbers could be signs of China trade deal buying. Allendale Chief Marketing Strategist Rich Nelson…

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U.S. Pork Production Expected to Stay Strong

Published December 24, 2019

Steiner Consulting Group senior analyst Altin Kalo says USDA's breeding hog number points to another year of record pork production. "The growth has gone to states that aren't the largest pork producers," says Kalo. "The biggest growth was in Illinois.…

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USDA Notes Record Hog Inventory in Latest Report

Published December 24, 2019

In the quarterly USDA Hogs and Pigs report, the National Ag Statistics Service (NASS) reported record hog inventory for this quarter. As of December 1, NASS says there were 77.3 million head in the U.S. swine herd, three percent more…

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