Livestock Major Live Hog Companies Target Increased Capacity in 2022 Even with live hog prices down year-on-year by 54.8 percent and the corn-hog ratio in the dumpster, China’s “Pork Concept Companies” are pursuing market dominance. According to the latest corporate announcements and filings, sales from the major domestic hog producers rose in December. Muyuan Foods led the way with a total of 5.02 million live hogs sold at an average price of RMB 14.75/kg ($1.05/lb.) for the month, raising its total for all 2021 to just over 40 million head. Muyuan ended the year with an inventory of 2.83 million reproductive sows and has set an ambitious hog production goal of 60 million head for 2022. With a flurry of new investments,...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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