Hog slaughter is running about 3.7 percent below last year, but live slaughter weights/carcass weights are up so the drop in pork production is only about 3 percent. Live weights are following their seasonal pattern of dropping during the hot summer weather but going into August and early September there could be more lighter-weight and fewer hogs marketed given weather forecasts – the opposite of cattle where drought has led to liquidation for the first half of the year.
The impact of drought and heat has been significant on the cattle market, but it is worth noting that hogs are more sensitive to heat than most species. It’s not always top of mind but the hog market can also be impacted by weather. Swine don’t perspi...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
