Hog Market Update - 2021

Jun 15, 2021

There's still great opportunities with forward hog contract prices.

Tyler Fulton is with Hams Marketing Services.

"The futures market shows some signs of being toppy, meaning that we're still right at near contract highs...That translates into forward prices, that in the near term, there's some producers that can expect to break the $300 a pig mark fairly easily. It's a pretty good scenario to be in, profitability remains really good."

Fulton notes U.S. cash prices continue to be firm in the short-term.

"We saw U.S. cash prices rally up to the highest levels that we've seen in seven years. It's driven really by good, strong demand, both domestic and export side and numbers that probably were underwhelming, relative to expectations. We're still dealing with significantly more supplies than we did last year."

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Video: Fendt Testimonial | Fendt 726 Vario Gen7 | Peter Watson Jones Ltd.

What happens when a farm buys its first Fendt? For Peter Watson Jones Ltd, the Fendt 726 Vario Gen7 has exceeded expectations from day one. For Jack, Farm Manager at Peter Watson Jones Ltd in North Shropshire, UK, the Fendt 726 Vario Gen7 wasn't just another tractor purchase. It was the farm's first experience with the Fendt brand.

Operating across a 1,200-acre arable farm alongside a 250,000-head broiler enterprise, the business has evolved significantly over the last decade, moving to a straight arable system with fewer staff and machines. Since arriving on the farm, the Fendt 726 Vario has established itself as the main drilling and cultivations tractor, earning its place through performance, versatility and efficiency. Whether it's handling large-scale cultivations or working with a new 4.5m strip-till drill, the tractor continues to impress.

Jack highlights its excellent manoeuvrability, operator comfort and ability to deliver strong pulling power at low engine speeds. The result? Outstanding fuel efficiency without compromising performance. Reliability has also been a key factor, with dependable backup from the team at TR Machinery helping to keep the tractor working when it matters most.

?? Watch as Jack shares why the Fendt 726 Vario Gen7, the farm's first Fendt, has made such a strong impression and become an integral part of their operation.