Markets

Cold Storage: Frozen pork supplies down 13% from May 2013

Total red meat supplies in freezers were down 3 percent from the previous month and down 16 percent from May 31, 2013. FULL STORY »

High pork prices may attract larger shipments from abroad

It is notable that U.S. pork imports have increased more than 5 percent in the first 4 months of 2014 compared with the same period last year. FULL STORY »

Ag markets turned mixed Monday morning

Grain traders seemed to change their minds about recent rains Monday morning. The crop markets surged Sunday night, with traders citing worries about excessive rainfall damaging growing crops. FULL STORY »

Cooney: Weaner breakevens slip under $65 per head

Switching to the February lean hog contract for December sales shows a weaner breakeven of $64.22, down $13.14 for the week. Feed costs were down $0.56 per head. FULL STORY »

Doane Market Watch: Anticipating Friday's Hogs and Pigs report

One has to wonder if early estimates for Friday's USDA Hogs & Pigs report are being construed as bearish. FULL STORY »

Hog Outlook: Retail pork prices up 54.6 cents from 2013

The average price of pork in grocery stores during May was a record $4.099 per pound. That is up 54.6 cents from a year ago and up 14.9 cents from the old record set the month before. FULL STORY »

Ag markets end the week mostly lower

Corn futures continued midweek gains Friday. After having rallied at midweek, corn futures apparently declined in response to negative Chinese news Thursday night. FULL STORY »

2014 pork production forecast raised on higher slaughter

USDA raised its pork production forecasts slightly for the second through fourth quarters of 2014, with total 2014 pork production expected to be 22.8 billion pounds, about 1.6 percent below a year earlier. FULL STORY »

Corn diverged from general ag market weakness Friday morning

Corn futures bounced from overnight losses Friday morning. After having rallied at midweek, corn futures apparently declined in response to negative Chinese news Thursday night. FULL STORY »

Ag markets moved mostly higher Thursday

Traders cited ethanol demand and excess rains for rising corn futures Thursday. Although corn seemed to follow wheat higher Wednesday night, yellow grain prices performed much better today. FULL STORY »

Pork production down 2% from May 2013

Pork production totaled 1.86 billion pounds, down 2 percent from the previous year. Hog slaughter totaled 8.62 million head, down 6 percent from May 2013. FULL STORY »

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