Home   News

Hog markets 'exceptional' as of late

Hog producers have been seeing some good prices as of late.

Tyler Fulton is director of risk management with Hams Marketing Services.

"Forward contract prices have kind of reflected a pretty exceptional position compared to history. When you've got summer prices that exceed $280 per pig over several weeks on several different programs, it's exceptional. The one thing to note obviously is that feed prices are also exceptional and so what producers need to focus on is the margins that are available at those levels," he said. "We continue to see really volatile prices in the context of what's happening in the Ukraine with some pretty significant changes in supply over the course of the last six months and then demand factors that are still getting impacted by supply chain issues."

Fulton commented on U.S. cash prices.

"We've got cash prices this week ranging from $220 per ckg to $240 depending on the specific program. For this time of year, these are exceptional prices but again it's important to reference the fact that we are also looking at exceptionally high prices for soybean meal, other protein meals and corn and the carbohydrate component of the diet as well."

He also touched on the USDA's Quarterly Hogs and Pigs report released Wednesday.

"I think think the hog and pig report reflects a fairly steady trend in numbers. We've seen some pretty big fluctuations over the course of the last few months. The breeding herd is coming in relatively steady and that typically is the best indicator for long-term trends and I think what we can see is that we're probably through some of the quick dips in the volume of hogs that we've seen and maybe we'll start to stabilize over the course of the next year or so."

Click here to see more...

Trending Video

Sowing Success: Dr. Gordon Spronk's Journey with Pipestone and the Future of Swine Health

Video: Sowing Success: Dr. Gordon Spronk's Journey with Pipestone and the Future of Swine Health

Welcome back to In Swine Versation. Get ready for an enlightening journey as we delve into the remarkable story of Dr. Gordon Spronk, a founding partner at Pipestone, in our latest episode of "Sowing Success." In this episode, we'll be exploring key questions that shed light on Pipestone's evolution and the future of swine health. Here's a glimpse of what to expect:

1. Exploring Pipestone's Foundations: We'll kick off by uncovering the early vision behind Pipestone and how it has shaped the landscape for new entrepreneurs entering the field. Dr. Spronk will share insights into the core principles that have guided Pipestone's journey and how they continue to drive success today.

2. Industry-Shaping Experiences: Moving on to Dr. Spronk's impactful tenure at the National Pork Board, we'll explore his contributions to sustainability, growth accomplishments, and his vision for the future of pork production. Expect to gain insights into how Dr. Spronk's experiences have influenced the industry and what he envisions for its future.

3. Global Excellence and Growth: With Pipestone ranking second in the latest World Mega Producers ranking, we'll delve into what these impressive numbers signify and how Pipestone continues to excel on a global scale. Dr. Spronk will share his perspectives on the key factors driving Pipestone's success and its strategy for continued growth and innovation.

4. Navigating Challenges: We'll address the hot topic of Prop 12 and its implications for the industry. Dr. Spronk will provide valuable insights into the challenges and implementation issues faced by Pipestone and how the company is navigating through this complex landscape.

5. Updates on Wholestone Plant: Dr. Spronk will provide updates on the latest developments at the Wholestone plant in South Dakota, offering insights into how this initiative aligns with Pipestone's broader goals and objectives.

6. Transformative Journey of Pipestone Management: Taking a trip down memory lane, we'll explore the transformative journey of Pipestone Management since its inception in 1988. Dr. Spronk will share insights into the growth and evolution of Pipestone Management, highlighting key milestones and lessons learned along the way.

7. Defining Swine Health Success: Finally, we'll delve into Dr. Spronk's definition of swine health and its pivotal role in the success of Pipestone Management. Expect to gain a deeper understanding of the importance of swine health and how it drives Pipestone's mission and values.

Overall, this episode promises to be a thought-provoking exploration of Pipestone's journey and the future of swine health. Tune in for an engaging conversation that's sure to leave you inspired and informed about what lies ahead in the world of pork production.