High on the Hog – Elevating the Loin and Regaining Value
NPB has assembled a task force to bring more value to the pork loin to make it more competitive with other pork cuts and other proteins.
Find important industry news right here.
NPB has assembled a task force to bring more value to the pork loin to make it more competitive with other pork cuts and other proteins.
Wholesale pork prices continue to move higher as some buyers have been caught short. Much of the recent increase in price is due to higher belly prices but loin and ham prices have seen a notable seasonal increase.
For those who had forgotten about seasonality in pork prices, the last few weeks have been a good reminder. Pork supplies declined in Jun/July and early August due to a combination of lower slaughter and lower carcass weights. We estimate that since early May pork supplies are down 9%.
Dr. Steve Meyer, Lead Economist, Partners for Production Agriculture and Dr. Lee Schulz, Associate Professor, Iowa State University provided an economic outlook for the pork industry during the Pork Academy Sessions at the World Pork Expo.
Economists shared their insights and analysis of the USDA Quarterly Hogs and Pigs Report during a webinar hosted by the Pork Checkoff.
Prop 12 speculation has skewed the market for the last few weeks, initially as fear caused some inventory dumping and then inventory building based on guidance that anything produced before June 30 would be allowed into California through the end of the year.
The National Pork Board partners with five universities to establish The Real Pork Trust Consortium to address consumers' questions relating to the pork industry.
The National Retail Benchmarking study aims to improve the position of pork in the market by focusing on the quality and consistency of pork, as well as various meat case metrics.
Hog slaughter has declined from 2.45 million head/week in early May to nearly 2.3m hogs currently. Additionally, hog weights have declined at a faster rate than normal, further reducing spot availability.
Meet the newly elected officers of the National Pork Board representing and serving U.S. pig farmers
Dr. David Newman to lead efforts to grow domestic and international demand for U.S. pork.
• Missouri pig farmer and former Pork Board president to lead team of 16
• Newman has had active roles in numerous Pork Checkoff priorities since 2016
The market remains highly uncertain. Bellies have been and continue to be a major drag for the wholesale index, accounting for about half of the decline in wholesale prices. With large inventories and expected lower California demand, the price upside risk for bellies is lower than in previous years.