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Pork Commentary: Lean Hog Futures, Cash Move Higher

2014-02-25 01:00:00| ThePigSite - Industry News

US - The hog market is rolling. The momentum is breath taking. On Friday, June lean hog futures closed at 108, July 107.50, August 106, October 92. All across the board lean hogs pushed higher with record prices, writes Jim Long in this week's Pork Commentary.

Tags: move higher cash commentary

 

Many Factors Work Together in Pork Supply Chain

2014-02-25 01:00:00| ThePigSite - Industry News

US - There are a number of news items of value today and they have some broad implications, writes Steve Meyer writes as published in National Hog Farmer magazine.

Tags: work supply factors chain

 
 

Many Factors are Working Together to Impact Pork Supply

2014-02-24 20:28:00| National Hog Farmer

By Steve Meyer, Paragon Economics, Inc., Adel, IA There are a number of news items of value today and they have some broad implications. First, the number of porcine epidemic diarrhea virus (PEDV) case accessions at veterinary diagnostic labs fell for the week of February 10. (See Figure 1 in this story). Furthermore, the decline was the largest on record outside of the sharp drop at Christmas. Those are the good news items. The bad news is that the 30-case decline was from the all-time record high of 301 accessions the week of February 3, and that one point does not make a trend. But in this fight, well take all of the good news we can get. read more

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Pork Supply Issue Offers both Opportunity and Risk

2014-02-24 19:10:00| National Hog Farmer

Source: Kent Bang, Vice President and Team Leader, Industry Specialists, AgStar Financial Services As I write this month’s Financial Preview, lean hog futures are up over a $1.00 for nearly every month traded.  This is nothing new, as we have set contract highs many times since the first of the year.  Two key drivers of pork prices have converged, impacting the market for pork.  The supply issue has become a growing concern, but also an opportunity.  read more

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Hog Outlook: Margins Boosted by Higher Pork Retail Price

2014-02-24 01:00:00| ThePigSite - Industry News

US - The average retail price of pork in grocery stores during January was $3.758 per pound. That was 0.3 cents lower than the month before, but 30.7 cents higher than a year ago, write Ron Plain and Scott Brown.

Tags: price higher retail outlook

 

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