CME Daily Features
US - Following yesterday’s discussion of the spike in hog slaughter, it seems appropriate to review what analysts are thinking as USDA gets ready to release the results of its quarterly ‘Hogs and Pigs’ survey, write Steve Meyer and Len Steiner.
US - Hog slaughter numbers last week were truly shocking and the fear is that hog supplies on the ground are larger than what packers are able to process during a regular work week, write Steve Meyer and Len Steiner.
US - Returns for producers of hogs and cattle are being pressured by lower animal prices. In recent months, lower feedstuff costs have helped reduce production costs, but in many cases not enough to maintain margins. Today, we will discuss monthly farrow-to-finish hog producer returns as calculated by Dr Lee Schulz at Iowa State University (ISU), write Steve Meyer and Len Steiner.
US - The down move in the hog complex in the last few days has been quite ferocious and it is hard to point to one single factor that would explain why market participants have wiped off $7.5 (‐13 per cent) since September 1. Rather, there seems to be a confluence of factors that, at least for the moment, continues to pressure prices lower, write Steve Meyer and Len Steiner.
US - The CME announcement last week that it would change the settlement procedure for hogs brought to mind a couple of points that may be of interest to our readers, write Steve Meyer and Len Steiner.
US - USDA ERS released yesterday its calculations of export volume on a carcass weight basis. This is important when trying to understand available supply since production statistics also are reported on a carcass weight basis. Below is a brief recap of the July data and what it tells us about meat supply expansion, write Steve Meyer and Len Steiner.
US - Media reports said a fire at Smithfield’s Monmouth, Illinois hog slaughter plant occurred Monday night and has closed the plant for an “undetermined amount of time”, write Steve Meyer and Len Steiner.
US - Both fed cattle and barrow and gilt live animal prices have experienced a downward trend the past couple months. A main influencing factor in these lower prices is increased supply in both industries, Steve Meyer and Len Steiner.
US - At the risk of adding to the confusion and panic that reigns in the current hog market, we have included a bunch of charts to the right that have a lot of colorful lines that run all over the place, write Steve Meyer and Len Steiner.
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