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...
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...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
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...
