Articles tagged under: hogs
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…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.…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…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…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…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…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.…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…A Boost for SD Hog Production
Published April 1, 2019
The March South Dakota hog inventory is 10 percent higher than one year ago, As of March 1, there was 1.83 million hogs in the state. South Dakota State University Extension Swine Specialist Bob Thaler says cheap grain supplies, land…