Profit Maximizer
Lower Inventories Underpin Prices Going Into Spring
Supply of pork in cold storage at the end of January was 10% lower than a year ago and like the tight inventory situation we experienced in 2021 and 2022.
Pork Checkoff Industry News
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Profit Maximizer
Stable Pork Supply Provides Retailers and Foodservice Operators with a Predictable Marketing Environment in 2024
Pork supply has recovered, with slaughter over 2.6M consistently in the last four weeks. Since December 1 slaughter is up by more than 3% y/y, double the rate of increase indicated by the inventory survey.
Profit Maximizer
After Several Short Slaughter Weeks, Spot Market Will Take Some Time to Recover. Prop 12 Demand a Wild Card Going Forward.
In the last four weeks hog slaughter is down 2.3% lower than a year ago, and that’s after a 2.7M week last week. Spot supply has been tight following holiday and winter weather disruptions and it will take some time for it to recover.
We Care
Navigating the Path to Sustainable Pork Production: A Reflection on FAO Reports
Jamie Burr, chief sustainability officer at NPB, reflects on the recent FAO reports and how U.S. pork is committed to producing sustainable products.
Market Growth
Enhancing Pork Consumption Through Strategic Investment
Looking ahead, NPB remains dedicated to growing strong relationships within the foodservice industry. NPB is actively engaged in efforts to build trust and add substantial value to foodservice distributors.
Profit Maximizer
Short Holiday Slaughter and Weather Impact Spot Supplies in the Near Term, with Processing Items Affected the Most
Short holiday weeks and winter storms across the Midwest have impacted processing and resulted in tight spot supplies. Slaughter in the last three weeks has been under 2.3M head/week, about 300k head less per week than in early December.
Market Growth
Paving the Way for Pork at Convenience Stores
Across the U.S., numerous pork products are being showcased in convenience stores, driving demand for high-quality pork and encouraging consumers to purchase pork more frequently.
Profit Maximizer
Productivity Gains More than Offset Herd Reductions, Setting the Stage for Higher Pork Production in 2024
Hog slaughter continues to outpace estimates and, based on the latest ‘Hogs and Pigs’ survey results, slaughter should remain higher y/y through the spring and summer.
Pork Checkoff News
Reflecting on Resilience and Looking Ahead to 2024
As we wrap up 2023, Bill Even, NPB CEO reflects on the year and describes how your Board of Directors diligently focused Pork Checkoff dollars in a financially sensible way to add as much value as possible to the industry in difficult market conditions.
Profit Maximizer
Pork Supply Continues to Outpace Estimates in the Near Term
In the last three weeks hog slaughter has been near 2.7 million head, well above expectations. We estimate that Sep-Nov slaughter was 1.7% higher than a year ago, well above the 1% increase indicated in the Mar-May pig crop.
