Markets

Pork packer margins are back in the black

Farrow-to-finish margins were slightly up by $1 per head last week, hitting $111.27 the week ending July 18, according to the Sterling Pork Profit Tracker. FULL STORY »

Brumm Speaks Out: A new economic climate versus last year

Last week, I was at a production site working with production supervisors for a production system. While they spend every working day in production facilities directing the care of pigs and making individual pig marketing decisions, the supervisors really had not thought about the impact of today’s market prices on their contract producers. FULL STORY »

China's WH Group set to raise $2 billion in scaled-down IPO

WH Group Ltd is set to raise $2.05 billion in a scaled-down Hong Kong initial public offering, a person with direct knowledge said on Tuesday, the Chinese pork producer's second attempt to list this year after investors rebuffed a pricier deal. FULL STORY »

Cattle, soybeans climb Tuesday morning

Corn futures couldn’t sustain their Monday night bounce. The lack of change in corn ratings on Monday’s USDA Crop Progress report seemed to spark a technical rebound last night. FULL STORY »

Corn crop in best shape in 21 years

As of July 20, 76 percent of the country’s corn is in good or better condition, marking the best conditions seen since 1993. FULL STORY »

Cattle diverged from general ag market weakness Monday

Weather news continued depressing crop futures Monday. The corn market remained under pressure early this week after the latest forecasts indicated current heat will be followed by cooler and milder conditions through late July. FULL STORY »

Cooney: Weaner breakevens surpass $91

Pricing off the February lean hog contract for January sales shows a weaner breakeven of $91.75 up $2.54 for the week. The February lean hog contract was up $0.78 for the week. FULL STORY »

Storing wet and modified distillers grains

The market prices for distillers grain prices have dropped significantly in recent weeks. As Dr. Darrell Mark points out in his recent iGrow article Distillers Grains Prices Declining, prices have declined both in absolute dollar values but also as a percentage of the value of corn. FULL STORY »

Doane Market Watch: Supply cut's role in record hog prices

Last week’s hog slaughter reached just 1.859 million head, falling 9 percent short of the year-ago figure. However, huge increases in hog weights reduced the annualized cut in pork production to ‘just’ 4.2 percent. FULL STORY »

Crop markets remained weak Monday morning

Weather news continues depressing crop futures. The corn market remains under pressure early this week after the latest forecasts indicate current heat will be followed by cooler and milder conditions through late July. FULL STORY »

No sticker shock problems for U.S. meat exporters

U.S. meat consumers are facing the highest-ever prices for choice cuts this summer just as the traditional cookout season gets into full swing, stoking producers' concerns that demand will soften in the months ahead if shoppers tighten their belts. FULL STORY »

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