Plain and Brown

Hog Outlook: April Hog Prices Most Profitable Month Since August 2006

Are this week’s hog prices the highest ever? Because of changes in price reporting systems (and my limited data), it is difficult to say exactly when hog prices were the highest. FULL STORY »

Hog Outlook: Sow Slaughter Dropping, Pork Cutout Value Higher Than A Year Ago

Pigs per litter have increased in Canada, but not as fast as in the U.S. The first quarter of 2010 saw a Canadian average of 9.9 pigs per litter, up 0.7% from the year before. They are 0.3 pigs/litter ahead of us, but the gap has been cut in half over the last 3 years. FULL STORY »

Cattle Outlook: Steer Carcass Weights & Slaughter Lower Than 2009

USDA’s April cattle on feed report said the number of cattle placed on feed during March was up 2.7% while marketings were up 4.3%. The increase in placements was smaller than most analysts expected. The on-feed number for April 1 was 3.5% lower than a year ago and the lowest April inventory in 6 years. FULL STORY »

Hog Slaughter By U.S. & State (2009 vs. 2010)

Hog kill totaled 10.03 million head, up 4 percent from March 2009.  The average live weight was unchanged from the previous year, at 272 pounds. FULL STORY »

Hog Outlook: Wholesale Pork Prices Rising Fast

During the first two months of 2010, U.S. pork exports were up 1.9%. Our number 1 foreign customer, Japan, purchased less U.S. pork; but Mexico and Canada, numbers 2 and 3, each imported more pork from the U.S. Pork shipments to Hong Kong were up, but shipments to Mainland China continue to be very low. FULL STORY »

Cattle Outlook: Steer Carcass Weights Lighter Than A Year Ago

International beef trade at the start of 2010 has been positive. During January and February, U.S. beef imports were down 23% and beef exports were up 24% compared to the same months of 2009. Increased exports and lower imports reduced the domestic beef supply by 164 million pounds. FULL STORY »

Cattle Outlook: Slaughter Up 2.8 Percent From Last Year, Steer Weights Lower

It appears that the U.S. and Brazil have reached an agreement to settle our long running cotton dispute. Brazil has agreed to forego $830 million of WTO approved retaliation for U.S. cotton subsidies in return for cash, a modification of our export loan program, and perhaps, the right to send more meat to the U.S. FULL STORY »

Hog Outlook: Cash & Lean Futures End Week Higher

USDA has lowered their forecast of 2010 pork production by 100 million pounds following the March hogs and pigs report and raised their forecast of 2010 price by $3/cwt live. The higher expected price has caused them to lower that forecast of pork exports. FULL STORY »

Hog Outlook: Calculated Cutout Value Up $15 Compared To This Time Last Year

USDA’s March hogs and pigs report is more bullish than the pre-release trade forecasts. USDA’s estimate of the total number of hogs and pigs on U.S. farms at the start of March was down 2.8% compared to 12 months earlier. FULL STORY »

Cattle Outlook: Steer Weights Below Year-Earlier Levels 17 Consecutive Weeks

This week's cattle slaughter equaled 637,000 head, up 3.6% from the previous week and up 4.6% compared to a year ago. FULL STORY »

Hog Outlook: Futures Give Up Gains, Cutout Value Up $15 From Last Year

USDA’s March hogs and pigs report is more bullish than the pre-release trade forecasts. USDA’s estimate of the total number of hogs and pigs on U.S. farms at the start of March was down 2.8% compared to 12 months earlier. FULL STORY »

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