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ANALYSIS: Estimated Pork Packer Margins vs The Pork Cutout
Estimated pork packer margins for standard operations, or outside purchasers of hogs, reached record highs in May, following the difficult period when COVID-19 resulted in...
NPPC: Hog Farmers Urgently Need Congressional Action to Weather Crisis
U.S. hog farmers continue to face an unprecedented emergency as a result of COVID-related challenges, with an estimated two million hogs still backed-up on farms according to an analysis by Dr. Steve Meyer, an economist with Kerns & Associates. At a press briefing, the National Pork Producers Council (NPPC) described the damage exacted on hog farmers and urged Congress to act swiftly to preserve their livelihoods.
Dr. Meyer said U.S. hog farmers face massive losses due to multiple COVID-19 crisis-related factors, which have turned profit potential for 2020 from robust to disastrous. According to his analysis, based on lean hog futures prices on March 1 and July 10 and actual hog prices in the interim, potential 2020 revenue from hog sales has been reduced by roughly $4.7 billion. Other losses associated with...
ANALYSIS: Pork 2020 Comparison
The first half of 2020 was highly volatile in the pork market due to a myriad of factors. While cases of ASF continued to be reported across several...
Pork Exports Trend Lower in June but Remain on Record Pace; Another Tough Month for Beef Exports
Update: Current List of Plant Closures Due to COVID-19
Aramark Prepared to Welcome College Students Back to Campuses Across the Country
Beyond Meat Reports Second Quarter 2020 Financial Results
Under HEALS Act, Over Half of Restaurants Ineligible for PPP Loans
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