The pent-up global pork demand is finally starting to take effect, and it would appear just in time for U.S. producers. July pork exports from the U.S. were 233,242 MT. That is an all-time monthly record (ahead of the previous record set in April 2018) and 132 percent of July 2018. Moreover, the value of those exports was $623.3 million, which was 134 percent of the same month last year and an all-time monthly record beating the previous high mark from November 2017. That has helped hog prices move above their three-year average.
Pork production typically increases in the September-November quarter with more hogs coming to market at heavier weights. On top of that seasonal pattern, however, the pig crop during the March...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
