Profit Maximizer Archives - Page 7 of 9 - Pork Checkoff

Pork Checkoff Industry News

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Modest Recovery in Futures on Higher Cash, A Bit More Clarity on Prop 12

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.

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Prop 12 Uncertainty, Slowdown in Demand, Continues to Pressure Prices

Prop 12 has end users in California depleting inventories of product that will not be compliant by July 2. This is having a negative impact on spot pricing.

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Producer Losses Expected To Drive Liquidation, Reduce Supply In 2024

Plenty of conversation in the market about producers suffering deep losses and looking to liquidate sows. IA State model shows average loss of $34/head in Q1.

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Ample Supply, Not Just Demand, Is Keeping Wholesale Prices in Check
April 24, 2023 - There has been little movement in the pork market as supply continues to outpace earlier estimates and market participants are now pricing a much weaker demand environment for the summer.
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Futures Drift as Spot Market Shows No Signs of Recovery…Yet

With little improvement in the spot pork market, hog futures continue to slump. But risks are increasing that the market has overshot its mark and prices may snap back.

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Wholesale Pork Prices Offer Opportunities for Retail Features in the Spring

Lean hog futures have declined by more than 10% in the last few days due to ongoing demand uncertainty this spring.

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Demand Concerns Keeping Spring & Summer Futures in Check

Pork cutout futures continue to signal lower wholesale prices for the spring and summer as demand eases lower following the COVID-related spike in 2021 and 2022.

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Weather Disruptions Prop Up Prices, But Demand Concerns Persist

Hog slaughter was lower last week as snowstorms disrupted the transportation of hogs to processing facilities. U.S. hog producers are still incentivized to pull hogs forward as current prices are below the cost of production.

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Weaker Demand to Start the Year While Domestic Supply Expected at 2022 Levels

The pork market continues to trade sideways on ample supply and, more importantly, a weaker than expected demand across a range of items.

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Supply Surprise Weights on Market, Prices

Despite 2% decline in slaughter anticipated by the USDA, pork supply coming to market continues to be far higher that expected.

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