Unfortunately, we lost $10- $12 in the futures market in just 6 weeks. Using the latest hogs and pigs report numbers we are probably going to set new weekly slaughter records this fall. With that said, I do not see the need for packers to chase cash hogs for a while, writes Allan Bentley, US Sales. I do not study technical charts that much, but any kind of retracement for winter futures months need to be sold. Getting through that time with limited red ink on the books seems to be the best option. The good news according to the latest yield estimates, corn will be abundant. With the corn crop getting close to the finish line, and a national yield of 175, I do not. Read more...
Last commentary I showed the significant numbers of SEW/feeder pigs and market hogs making the trek to the US Midwest from Canada in the first six weeks of 2016, writes Bob Fraser, Sales & Service Genesus Ontario. The chart below updates that information now for the first twelve weeks of 2016 and also includes the movement of the Canadian dollar over the same period as compared to the previous year. SEW/feeder pigs are now up 12.04% year over year, with the west (primarily Manitoba) up 7.08% and the east (primarily Ontario) up a whopping 30.16%. Market hogs up 6.55% year over year, with the west (primarily Manitoba) flat at 0.18% and the east (primarily Ontario). Read more...
After the huge culling of sows in China in 2015 due to consistent low pork price, by as many as 10 million sows (according to RaboBank) the price slaughterhouses have been paying for animals has soared from August 2015, writes Alex Kovachevich, General Manager Genesus China. See graph below from Bloomberg August 18, 2015 According to China’s tech-food.com the price for pork in the last week of March 2016 was still over 20/KG (3.09USD/KG)! As is the norm, prices in the South West have been the highest, this observer takes the opinion that a combination of high population and a lower supply of corn causing this extra high price in the Sichuan. Read more...
Spain becomes the third largest hog producer in the world (after China and the US) and the first out of the EU, surpassing Germany, writes Mercedes Vega, General Director for Spain, Italy & Portugal. According to the census data of EUROSTAT German pigs to November 2015 it was 27,535,400. He has suffered a decline of 2.8%, which represent 803,000 tons less. Against this, Spain, has a pig population of 28,367,340 heads. It has increased 6.8%, representing 1.8 million more than the previous census. As sows census refers, in Germany has shrank to 1,970,250, compared with a 4.6% growth in Spain reaching 2,466,270 sows. Spain also ranks fourth at exporter level, behind. Read more...
Spain’s slaughter numbers went up 7 per cent in 2015 compared with 2014. Spain exported 45 per cent of its pork production (Germany and Spain have increased their exports, while other EU countries have declined), also heavier slaughtering weights (112kg average), writes Mercedes Vega, General Director for Spain, Italy & Portugal. The price average was € 1.14/kg liveweight, but with the lowest price at the end of the year at € 0.947/kg, while the price of feed more or less stabilized, with an index at the end of the year of 225 € / ton (source 3tres3 pig economic thermometer). Besides the small pig price was below breakeven, causing. Read more...
So far this year, there have been contrasting trends in imports to the major pork markets in Asia. As reported last week, Chinese imports have been very strong in recent months. Strong growth has also been seen in shipments to South Korea. In contrast, pork purchases by the Philippines and Hong Kong have reduced. South Korea imported 356,000 tonnes of pork in the first nine months of 2015, up by more than a third compared with a year earlier. Disease problems continue to affect domestic production, although output has only been down marginally. At the same time, consumer demand has been strong, in part due to the impact of avian influenza on poultry production.. Read more...
© Inline LLC 2015-2024. Privacy Policy | Terms of Service