Bullish feeder pig prices could signal an expected return to improved profitability for hog production later this year.
The 17 January National Direct Feeder Pig Report showed the weighted average (cash and formula) price of 10-12 pound early weaned pigs was $82.37 per head on a cash basis and $76.24 per head on a formula basis for a weighted average of $80.50 per head. The 40-pound feeder pig price was $98.98 per head on a cash basis. Early weaned pigs are up from a cash price of $35.43 per head and the formula price is up from $43.43 per head from the same week a year ago. Cash prices for 40-pound pigs doubled from last year’s $49.42 per head and the price for 10-12-pound pigs more than doubled, up $46.94 per head...
Weather concerns and the impacts of the war in Iran helped push wheat and corn to sharp gains Tuesday, with both markets blowing past key technical resistance levels. The weather is now coupled with geopolitical tensions that look increasingly hard to resolve, which is giving funds the perfect...
Congress is moving forward with its FY 2027 spending bills, while also still working to address FY 2026 funding for the Department of Homeland Security, which is still in a shutdown. The House Agriculture-FDA Appropriations Subcommittee marked up and passed its FY 2027 bill. The House bill prov...
Update for 6 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where ob...
