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hogs. pork

Exports Continue to Be A Bright Spot for U.S. Pork Sector

Exports of U.S. pork to all destinations in 2021 declined modestly (3%) when compared to 2020, but export volume in 2021 was still the second largest on record. U.S. pork production declined 2% in 2021 to 27.7 billion pounds so pork exports, at just over 7 billion pounds, equated to 25% of U.S. pork production.

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Prospects for Swine Feed Costs in 2022

Given the uncertainty related to supply and demand, feed prices are likely to remain volatile during the 21/22 marketing year. This article examines trends in feed costs as well as the impact of corn and soybean meal prices on feed costs for farrow-to-finish and swine finishing operations.

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Pork Belly Price Strength Leads the Way Among Pork Cuts

The pandemic disrupted food production, processing, distribution, and consumption across the board. As a result, dramatic shifts in price relationships have become commonplace. Examining changes in these price relationships can provide clues to shifting interest among consumers for food items, including various pork cuts.

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Exports More Important to Pork than Beef or Chicken

It’s no surprise that exports are an important market outlet for U.S. pork production. But did you know that exports are even more important to the pork industry than they are to either the beef or poultry industries?

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Pork Cutout Futures Provide New Risk Management Tool

Although lean hog futures prices and pork cutout values are correlated, they can diverge significantly at times leading to interest in developing a risk management tool that more closely matches the price series used in many cash contracts. Recently CME Group launched pork cutout futures and options in an attempt to address this challenge.

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The Importance of Managing Hog Operation Feed Costs

It comes as no surprise that feed costs on hog operations have risen sharply since last summer. May 2021 Chicago Board of Trade corn futures prices hit their summer low settlement price last August at $3.46. In early March, May 2021 corn futures were trading near $5.40, an increase of over 50 percent in just…

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Long-Term Trends in Pigs per Litter

Improvements in production performance are critical to controlling production costs and for the industry to remain competitive in comparison to swine producers in other countries and competing meats.  This article examines long-term trends in pigs per litter.

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China’s Pork Sector Continues to Impact U.S.

The biggest year-over-year increase in pork shipments was to mainland China, which more than doubled in 2020. Pork exports to China during 2020 accounted for nearly 30 percent of all U.S. pork exports, up from a market share of just 14 percent in 2019.

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Pork Export Strength Reliant on China

World pork markets have been disrupted the last couple of years, first by African Swine Fever (ASF) in China followed by a U.S.-China trade dispute and then, in 2020, by the coronavirus.

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Ag Outlook Webinar

Recorded June 12, 2020 | Purdue agricultural economists Michael Langemeier and James Mintert provide an updated ag outlook, which includes information from USDA’s June WASDE report along with updated profitability estimates for corn and soybeans. The webinar also addressed questions regarding eligibility for and assistance provided by USDA’s CFAP program.

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