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Tag Archives: pork

MEAT PRICES

The rapid rise in beef prices and significant decline in pork prices since the beginning of 2015 has widened the spread between the two competing meats to $190/cwt. USDA’s ERS analysts say at current prices, consumers are likely to favor more pork in their diet and less beef.

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LOWER PORK PRICES

Consumers can expect to pay less for bacon this year with pork prices forecast to be down 23 cents per pound, Purdue University agricultural economist Chris Hurt says. As a result, however, pork producers are expected to see less profit per head.

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PORK OUTLOOK

Producers will see sharply lower hog prices this year – down 26% from 2014 – due to larger livestock production, says the USDA’s Livestock, Dairy and Poultry Outlook. FarmWeekNow’s Dan Grant is attending this week’s USDA Outlook Meeting and will provide more coverage on FarmWeekNow.com.

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PORK AND PORTS

A strong dollar has made U.S. pork more costly than meat from competing countries, which has led to a slowdown in exports, especially to China. And cargo slow-downs due to a labor dispute at West Coast ports has left stocks of pork products piling up.

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GROUP HOUSING

Cargill Pork, LLC, one of the largest pork producers in the U.S., is 11 months ahead of its own schedule for completing the conversion to group housing for sows at company-owned farms.  In June 2014, Cargill Pork announced a commitment to group housing of sows at company-owned farms, with the original completion date set for… read more

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PORK PROXIES

Today’s edition of the Wall Street Journal contained three major stories devoted to the pork industry.  The main article focused on how animal rights groups are courting Wall Street proxy services to get their message to stockholders.  The other two looked at the progress on shifting from gestational stalls to group housing and the pork… read more

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CHIPOTLE SUSPENDS SUPPLIER

Chipotle has suspended a large #pork supplier after a routine animal welfare audit and has temporarily stopped serving entrees with its carnitas pork topping at about one-third of its restaurants.  The name of the supplier was not made public.

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Divergent Markets

US hog producers are seeing record high prices for pork, due to effects from PEDV.  However, China is purchasing frozen pork for reserves this week to support its domestic pork prices. First purchase amount is set at 65,000 tons.

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WHAT’S FOR XMAS DINNER

Turkey is the star at Thanksgiving.  So, what is the main entrée being served at Christmas?  Hams. A full 42% reported plans of serving it up on their holiday table this year.  A total of 22% of respondents planned to serve turkey this Christmas, and 17% were undecided, according to a Purdue University survey.

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PORK’S STRATEGY

The National Pork Board (NPB) has released a new strategic plan for the next five years with the goals of building consumer trust, driving sustainable production and growing consumer demand.

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