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Weather Disruptions Prop Up Prices, But Demand Concerns Persist

Hog slaughter was lower last week as snowstorms disrupted the transportation of hogs to processing facilities. U.S. hog producers are still incentivized to pull hogs forward as current prices are below the cost of production.

Steiner and Company produces the Profit Maximizer report on behalf of National Pork Board based on information we believe is accurate and reliable. However neither NPB nor Steiner and Company warrants or guarantees the accuracy of or accepts any liability for the data, opinions or recommendations expressed.

Highlights

  • Hog slaughter was lower last week as snowstorms disrupted the transportation of hogs to processing facilities. U.S. hog producers are still incentivized to pull hogs forward as current prices are below the cost of production.
  • Pork belly inventory at the end of January was a little over 70 million pounds, 57% higher than a year ago. Ample freezer inventories should keep belly prices in check through March. Higher prices are expected in Q2.
  • Pork exports have been trending higher in recent weeks as world buyers take advantage of the attractive prices in the U.S. market. U.S. hog prices currently are trading at a discount to both the EU and Brazil (see page 30 of this report).
  • Two consecutive weeks of big sales to Mexico have helped bolster prices for bone-in hams. Boneless ham prices, however, are running below year-ago levels as higher prices at retail have curtailed some of the domestic demand.
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Best of 2022 - Dairy Farming in Saskatchewan

Video: Best of 2022 - Dairy Farming in Saskatchewan

From seeding to harvesting, we are always busy on our family dairy farm in Saskatchewan,Canada.

We do our best to make quality feed for our cows so they stay healthy and provide the best quality milk (real from a cow).

This year was the first time trying tile drainage on one field. We already noticed how much dryer it is in the low spots and we hope that it improves the salinity issues over time.

It was another dry year but we had much better yields than last year and are grateful that we were able get enough feed.