Hog Price “Hockey Stick” The impacts of African swine fever (ASF) in China are being felt in the hog market. Last week hog prices rebounded to their three-year average, charting out a classic “hockey stick.” The nearby futures contract closed yesterday at $81.325/cwt, up from the contract low of $52.5/cwt in mid-February. Given the volatile nature of the U.S.-China trade situation, the big question will be how long the highs will last.
The bullish turn in the hog market has had a dramatic effect in just two weeks, pulling up production margins.
As of 1 March, the Chinese hog and sow herds were estimated to be down 17 percent and 19 percent, respectively. China slaughters about 700 million head per year, so a 1...
What You Need to Know Today: Brazilian President Luiz Inácio Lula da Silva secured reelection on Sunday, defeating right-wing Senator Flávio Bolsonaro despite trailing in the first round of voting. The surprise victory triggered a sharp selloff in Brazilian financial market...
The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...
Key Takeaways: Total U.S. crop acres (excluding hay) are forecast to expand fractionally this year due to greater oilseed crop and winter wheat plantings. One of the key drivers of this year’s crop outlook is input costs, and crops with a lower cost profile have an advantage in producers...
