Latest News From Hog Prices-Markets

USDA Says Trade Efforts Are Working to Build Markets Abroad
USDA Says Trade Efforts Are Working to Build Markets Abroad

The agency says exports picked up steam this year in countries such as Canada, India and Japan and that the new Regional Agricultural Promotion Program will keep the wheels of progress turning in 2024.

More Traffic Slowdowns At The Panama Canal
More Traffic Slowdowns At The Panama Canal

The Panama Canal is now cutting its daily ship transits by half this winter due to severe drought.

Plant-Based Meat Alternatives Face Sharp Decline in Sales
Plant-Based Meat Alternatives Face Sharp Decline in Sales

High price points and other lingering obstacles trigger sharp decline in sales of plant-based meat alternatives.

‘Reckless Spending’ is Putting U.S. Fiscal Health at Risk, Analyst Says
‘Reckless Spending’ is Putting U.S. Fiscal Health at Risk, Analyst Says

A market analyst shared a gloomy outlook for the country on Thursday, saying the U.S. balance sheet and financial condition have been deteriorating significantly over the last decade. He expects more of the same ahead.

Ag Economists Turn More Positive Longer-Term On the Farm Economy
Ag Economists Turn More Positive Longer-Term On the Farm Economy

The July Ag Economists' Monthly Monitor showed several key changes from June including a bigger cut to corn and soybean yields, a drop in corn and soybean prices and more bullish cattle and hog prices.

Tentative West Coast Port Labor Contract is Tremendous News for U.S. Red Meat
Tentative West Coast Port Labor Contract is Tremendous News for U.S. Red Meat

The tentative agreement that's been reached with the West Coast longshoremen is of paramount importance for U.S. red meat, says USMEF President and CEO Dan Halstrom. Here's why.

Crashing Dirt Bikes to Chasing Cows: Scott Irwin Releases New Book on Futures Market
Crashing Dirt Bikes to Chasing Cows: Scott Irwin Releases New Book on Futures Market

Futures markets are a mystery, says Scott Irwin, author of the new book, Back to the Futures, is now available for pre-order and is scheduled to be released on April 19 on Amazon.

CoBank 2023 Report: 11 Sectors Effecting the Rural Economy
CoBank 2023 Report: 11 Sectors Effecting the Rural Economy

CoBank has released its outlook for 2023.

BT_Meat_Consumer_Grocery
Food Price Inflation: Not Unprecedented but Definitely Unusual

Are you experiencing stress in your budget? A recent consumer survey shows almost everybody said ‘yes’ and food is at the top of the list of items in the household budget that are creating the most stress.

U.S. Diesel Crisis Lingers as Europe Prepares for Russian Oil Ban
U.S. Diesel Crisis Lingers as Europe Prepares for Russian Oil Ban

Global diesel and distillate fuel stocks have fallen to dangerous levels and the U.S. has been exporting a lot of diesel to Europe and Latin America, but now things are changing.

No Decision From President Biden on Lifting China Tariffs...Yet
No Decision From President Biden on Lifting China Tariffs...Yet

President Biden says he has not made a decision yet on whether to lift some of the $370 billion of tariffs imposed on Chinese imports by the Trump Administration.

U.S. Recession Probability Soars as Inflation Pains Worsen
U.S. Recession Probability Soars as Inflation Pains Worsen

Economists see interest-rate increases raising likelihood of recession to 44% in coming 12 months.

It's Never Easy Deciding When to Book Feed, This Year is Extra Challenging
It's Never Easy Deciding When to Book Feed, This Year is Extra Challenging

Feed costs are seeing volatile swings, even as hog prices trend higher. While the markets produce major whiplash for producers, margins on the farm show costs are increasing faster than returns.

Biden: Double Crop Because 'We Can't Take Any Chances'
Biden: Double Crop Because 'We Can't Take Any Chances'

Biden says Ukraine has 20 million tons of stored grain awaiting export to various countries. He says lack of port movement coupled with halted planting in Ukraine will ignite a global food crisis unless action is taken.

How Will 400 Million People in China's Lockdown Affect Global Markets?
How Will 400 Million People in China's Lockdown Affect Global Markets?

While China grapples with choosing which production lines to reopen, the food shortage conversation looks to ramp up.

AgriTalk: AFBF Weighs in on Shipping Reform, Court’s Decision to Review Prop 12 
AgriTalk: AFBF Weighs in on Shipping Reform, Court’s Decision to Review Prop 12 

As March prepares to make its exit this week, the U.S. pork industry received some long-awaited news. Dale Moore, executive vice president at AFBF, said it’s absolutely good news during a conversation on AgriTalk.

5 Transformations Happening in China That Will Affect Your Farm
5 Transformations Happening in China That Will Affect Your Farm

China contains the largest population of any country in the world. All those mouths drive demand across the globe and for your farm’s products.

Oil Pumps
BREAKING: U.S. To Ban Russian Oil Imports

UPDATE: WASHINGTON (AP) - Biden: US ban on Russian oil a 'powerful blow' to 'Putin's war,' warns Americans 'defending freedom is going to cost.'

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USDA Partnership to Ease Port Congestion, Restore Disrupted Shipping

U.S. Secretary of Agriculture Tom Vilsack announced plans to increase capacity at the Port of Oakland in Oakland, Calif., and improve service for shippers of U.S. grown agricultural commodities.

U.S., EU Downgrade Metal Tariff Dispute at WTO, Two Sides Turn Focus to China
U.S., EU Downgrade Metal Tariff Dispute at WTO, Two Sides Turn Focus to China

The United States and the European Union have downgraded their dispute at the WTO over steel and aluminum tariffs applied by former U.S. President Donald Trump in 2018 and subsequent EU retaliation.

High Farm Income Infiltrating Farmland Values
High Farm Income Infiltrating Farmland Values

This data confirms the obvious — there is plenty of income and cash in farm country and is being reflected in the record prices being paid for farmland.

9 Forces Shaping the U.S. Rural Economy in 2022
9 Forces Shaping the U.S. Rural Economy in 2022

Despite COVID-19 variants, inflationary pressures and supply chain limitations, consumers will continue to power the economic rebound,

2022 Soybean Planting Projections are a Moving Target, Prices will Whipsaw
2022 Soybean Planting Projections are a Moving Target, Prices will Whipsaw

USDA currently pegs soybean plantings at 87.5 million acres. Market analysts offer projections both above and below that number and explain their rationale, which includes the South America crop and weather forecasts.

FTC Investigates Supply Chain Disruptions; Enlists Tyson, Walmart and More
FTC Investigates Supply Chain Disruptions; Enlists Tyson, Walmart and More

FTC orders Tyson Foods, Inc., Walmart, Amazon, Kroger and other large wholesalers and suppliers to turn over information to help study causes of empty shelves and sky-high prices.

John Phipps: Chinese Consumers Save More Money Than Americans, Here's What it Means
John Phipps: Chinese Consumers Save More Money Than Americans, Here's What it Means

One result of the pandemic was a spike in savings rates. In the U.S. last April, Americans collectively saved a record 30% of their income. John Phipps looks at China's savings rate and what it's meant for exports.

Food Prices Will Rise if Labor Shortage Isn't Addressed
Food Prices Will Rise if Labor Shortage Isn't Addressed

If the labor shortage is not addressed, it could lead to farms and plants shutting down, causing serious financial harm to the communities in which they operate, says NPPC President Jen Sorenson.

Semi Trailer
How Will the Economic Boom Impact U.S. Agricultural Businesses?

CoBank says challenges brought on by COVID-19 will speed up automation throughout many sectors of the supply chain. Here's a deeper look at the animal protein industries in CoBank's latest report.

Smithfield Foods to Pay $83 Million to Settle Pork Price-Fixing Claims
Smithfield Foods to Pay $83 Million to Settle Pork Price-Fixing Claims

Smithfield Foods said on Wednesday it will pay $83 million to settle litigation that accused several companies of conspiring to limit supply in the U.S. pork market to inflate prices and their own profits.

Is the Death of CME's Open Outcry Trading the Death of True Price Discovery for Commodities?
Is the Death of CME's Open Outcry Trading the Death of True Price Discovery for Commodities?

A tradition for more than 100 years will now be a thing of the past. The CME Group announced this week it's not reopening the open outcry pits on the trading floor, which means the tradition will be gone for good.

U.S. Announces Largest Sale of Corn to China Since January
U.S. Announces Largest Sale of Corn to China Since January

China booked its largest purchase of U.S. corn since January, the U.S. Department of Agriculture said on Tuesday.

Senate to Vote on Vilsack's Secretary of Agriculture Confirmation Next Week
Senate to Vote on Vilsack's Secretary of Agriculture Confirmation Next Week

The Senate has scheduled a vote on Tom Vilsack’s nomination for Secretary of Agriculture on Feb. 23. In early February, the Senate Agriculture Committee unanimously approved President Biden's pick to lead USDA.

Is Phase One or Politics Driving China’s Record Appetite for U.S. Ag Products?
Is Phase One or Politics Driving China’s Record Appetite for U.S. Ag Products?

Whether it’s to fulfill Phase One promised, or an increased need for feed, some say the timing of the record Chinese buys isn’t a coincidence. So, what's driving the record demand from China?

U.S. Senate Agriculture Committee Chairwoman Debbie Stabenow (D-MI) speaks during a news conference in the U.S. Capitol in Washington, U.S., January 26, 2021. REUTERS/Al Drago
Sen. Stabenow Supports CFAP Freeze and Review

Senate Agriculture Committee Chairwoman Debbie Stabenow (D-Mich.) says she supports the Biden Administration’s move to freeze payments under the Coronavirus Food Assistance Program (CFAP).

Screen shot of USDA's CFAP webpage.
USDA Freezes $2.3 Billion Supplemental CFAP

USDA late Wednesday posted notice that $2.3 billion in supplemental Coronavirus Food Assistance Program (CFAP) payments will be temporarily frozen.

President Joe Biden’s trade team is coming together, and it looks to be stacked with individuals who were key in crafting the U.S. Mexico Canada Agreement (USMCA).
Biden's Trade Team is Stacked with USMCA Linchpins

President Joe Biden’s trade team is coming together, and it looks to be stacked with individuals who were key in crafting the U.S. Mexico Canada Agreement (USMCA).

The view of the Nations Capitol as the Democrats and Republicans continue moving forward on the agreement of a coronavirus disease (COVID-19) aid package in Washington, D.C., U.S. December 21, 2020. REUTERS/Ken Cedeno
Covid Aid Bill Provides Ag Funding for Sectors Left Out of CFAP

The coronavirus aid package approved by Congress overnight Monday provides $13 billion in ag funding, much of it destined for sectors left out of previous aid packages.

“The early part of the year should look very different than the latter, but in total, economic growth is estimated to be about 4%, following a retreat of roughly 4% in 2020,” Dan Kowalski, vice president of CoBank’s Knowledge Exchange division.
CoBank: COVID-19 Will Continue To Steer Economy In 2021

“The early part of the year should look very different than the latter, but in total, economic growth is estimated to be about 4%, following a retreat of roughly 4% in 2020,” says Dan Kowalski.

If realized, 2020 would deliver the highest net farm income the U.S. agriculture sector has seen since 2013.
USDA-ERS Predicts $119.6 Billion Net Farm Income For 2020 – The Highest Since 2013

The report says total crop receipts are expected to increase $6.5 billion from 2019 levels. Total animal product receipts are expected to decrease $9.7 billion.

Biden Says He Will Not Immediately Remove Phase 1 Trade Deal With China
Biden Says He Will Not Immediately Remove Phase 1 Trade Deal With China

U.S. President-elect Joe Biden has said that he will not immediately act to remove the Phase 1 trade agreement, which President Donald Trump inked with China, the New York Times reported on Wednesday.

WASDE Shaves 700 Thousand Acres from Soybean Harvest
WASDE Shaves 700 Thousand Acres from Soybean Harvest

WASDE reduced harvested acres for soybeans by 700 thousand from last month's estimate.

At a Crossroads: Where Does the Pork Industry Go Next? 
At a Crossroads: Where Does the Pork Industry Go Next? 

Big questions hang heavy in the air. Are we too efficient? What is the right number of sows to have in production? Mark Greenwood of Compeer Financial shares his view on what’s ahead.

Legislation Would Increase Scrutiny of Foreign Investment in Ag
Legislation Would Increase Scrutiny of Foreign Investment in Ag

Sens. Jim Inhofe (R-OK) and Thom Tillis (R-NC) introduced the Agricultural Security Risk Review Act, legislation that would add the USDA Secretary as a member of the Committee on Foreign Investment in the United States.

China Must Meet Phase One Obligations, Ag Groups Urge President
China Must Meet Phase One Obligations, Ag Groups Urge President

The U.S. net farm cash income in 2020 is projected to decline 9% from 2019. Nearly 200 agricultural groups sent a letter to President Trump urging continued implementation of the U.S.-China Phase One Trade Agreement.

U.S. negotiators have reached the terms of a phase-one trade deal with China that now awaits President Donald Trump’s approval
U.S. Reaches Deal in Principle With China, Awaits Trump Sign-Off

U.S. negotiators have reached the terms of a phase-one trade deal with China that now awaits President Donald Trump’s approval.

Will the House Vote on USMCA This Week?
Will the House Vote on USMCA This Week?

In an exclusive with Pro Farmer's Jim Wiesemeyer and Farm Journal's John Herath, Democratic House Ag Committee Chairman Colin Peterson said House Speaker Nancy Pelosi wants to get the USMCA vote on the fast track.

China looks to import more pork.
China Is Throwing the Doors Open to Meat Imports Amid Swine Fever

China has been boosting meat imports to offset losses of pork from a raging fever that’s killing its domestic hogs. This week, the country is signaling it still wants more.

USMCA: Pelosi Upbeat Agreement Will Be Reached
USMCA: Pelosi Upbeat Agreement Will Be Reached

Mexico's top North American negotiator, Jesús Seade, is upbeat that the White House and lawmakers can reach an agreement on the U.S.-Mexico-Canada agreement before Thanksgiving.

The letter was sent by former Secretaries John Block (Reagan), Mike Espy (Clinton), Dan Glickman (Clinton), Ann Veneman (W. Bush), Mike Johanns (W. Bush), Ed Shafer (W. Bush), and Tom Vilsack (Obama).
Agriculture Secretaries Urge Congress To Ratify USMCA

All former U.S. Secretaries of Agriculture since President Reagan’s Administration announced on Thursday their support for the United States-Mexico-Canada Agreement (USMCA).

Beijing says it supports domestic companies purchasing a certain amount of U.S. farm produce.
China To Suspend Tariff Hikes On Pork And Soybeans

Beijing says it supports domestic companies purchasing a certain amount of U.S. farm produce.

Dairy producers who were in business as of June 1, 2019, will receive a $0.20 per hundredweight payment on production history, and hog producers will receive an $11 per head.
MFP 2019: Payments Range From $15 to $150 Per Acre

After months of uncertainty and murky details, the agency announced per acre payments will vary by county but will range from $15 to $150.