Brumm Speaks Out: Optimism and weights

 Resize text         Printer-friendly version of this article Printer-friendly version of this article

Optimism is returning to the hog market. For the week ending Sept. 28, the average spot market price as quoted by USDA for weaned pigs was $15.14 per pig delivered. This week’s average price was $43.76 per pig delivered. In 5 weeks the spot market value of weaned pigs increased $28.62 per pig. The lowest reported price paid per pig went from $9 per pig to $27 per pig.

Forty (40) pound feed pig spot prices increased from $20.20 per pig to $42.93 per pig for the same period.

All of this suggests that producers have lost the urge to sell sows. The spot market price is high enough now that sale of weaned pigs will generate enough income to cover most if not all of a units cash costs and in most instances even fixed costs. The spot feeder pig price isn’t high enough to cover all costs yet, but the $22.73 per head increase in price sure makes a difference in outlook for those producing pigs for this market.

Read more.



Comments (0) Leave a comment 

Name
e-Mail (required)
Location

Comment:

characters left


MAXX-TRAX Steerable Manure Tankers

With the MAXX-TRAC high speed steering system and impressive off-road maneuverability, getting to the fi eld is safer and faster than ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Generate Leads