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PODCAST: Time for a Toddcast - Todd Thurman of SwineTex Consulting

This week on Market Digest we are joined by founder and consultant Todd Thurman of SwineTex Consulting. Laura and Todd speak about African swine fever in China, the state of...

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Jan 14 11:25 AM, Urner Barry



NPPC Campaign Showcases Pork Producer Environmental Stewardship

The National Pork Producers Council (NPPC) introduced a multimedia campaign, “Farming Today for Tomorrow,” to showcase U.S. pork producers’ long-standing commitment to environmental stewardship and further reducing greenhouse gas emissions.

“For more than five decades, U.S. pork producers have embraced advancements that have allowed them to do more with less,” said NPPC President Howard “AV” Roth, a hog farmer from Wauzeka, Wisconsin. “Hog farmers have an excellent story to tell and...

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Jan 14 8:22 AM, General News


CIH Pork Cutout Futures Unlock New Opportunities 

With all the uncertainty that 2020 has brought, it is no wonder that managing risk has become a top priority for many companies in all sectors. To help combat this in the pork industry, a new tool has been developed that will have a lasting impact on pork sector stakeholders and their ability to manage risk. Pork cutout futures and options began trading at the CME Group on November 9 this year and have witnessed growing trading volume and interest from...

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Dec 18 10:02 AM, Urner Barry


ANALYSIS: Update on German Pork Exports in Wake of ASF Outbreak

African Swine Fever case counts in Germany have exceeded 200, according to some sources. Since finding the first case of ASF on...

 

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Dec 17 8:22 AM, Urner Barry


Dominion Energy, Smithfield Foods Complete Renewable Natural Gas Project in Utah

Dominion Energy and Smithfield Foods, Inc., announced they have completed the first renewable natural gas (RNG) project through their joint venture, Align Renewable Natural Gas℠. Located in Milford in southwestern Utah, the project is now producing RNG from a network of 26 family farms that raise hogs under contract with Smithfield.

The project is the first large-scale effort in the state to capture methane from hog farming operations and convert it into clean energy for homes, businesses and transportation. Significantly more...

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Dec 11 2:22 PM, General News


USDA: Amino Acid Helps Shore Up Defenses of Swine

A third round of feeding trials conducted by a team of USDA Agricultural Research Service (ARS) and university scientists has again shown that a dietary supplement called L-glutamine can naturally promote growth and wellness in pigs.

Jay S. Johnson, an animal scientist with ARS's Livestock Behavior Research Unit in West Lafayette, Indiana, and his Purdue University collaborators are investigating L-glutamine as a natural alternative to using dietary antibiotics. Swine producers had used antibiotics to...

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Nov 23 8:16 AM, General News


Rabobank: Pork Quarterly Q4 2020: Export Concentration a Potential Long-Term Risk

Global pork demand rebounded following Covid-19 disruption in most geographies, yet supply remains constrained in many Asian markets. This imbalance continues to support strong export demand from the rest of the world, resulting in sharply higher pork values.

Globally, processors’ ability to respond also remains constrained by labor availability, which limits packer capacity and efficiency. In Europe, new African swine fever (ASF) outbreaks add further limitations. “Hog producers face a challenging outlook, given rising feed costs, weaker economic trends, and slower export growth as China...

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Oct 27 8:25 AM, General News


Bacon Farmers Seek Immediate COVID-Relief Action 

President Trump expressed disappointment regarding the ongoing stalemate in the development of new COVID-relief legislation, saying his lead negotiator “hasn’t come home with the bacon.” Without immediate relief for hog farmers in crisis, the treasury secretary may not be the only one not bringing home the bacon, according to the National Pork Producers Council (NPPC).

“We’ve lost hog farmers of all sizes due to the COVID pandemic and need additional relief to preserve a highly competitive pork production system in the United States,” said NPPC President Howard A.V. Roth, a hog farmer from Wauzeka, Wisconsin. “Without federal assistance, we will...

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Oct 20 10:44 AM, General News


ANALYSIS: Pork 42 Trim vs. Beef 50 Trim

For some processed meat products, beef and pork trimmings can be used interchangeably on items such as...

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Oct 5 7:12 AM, Urner Barry


Pork Cutout Futures and Options To Be Launched by CME Group

CME Group recently made the exciting announcement that cash-settled Pork Cutout Futures and Options (ticker PRK) will be available for trade on November 9, 2020. This new contract will provide additional risk management tools for traders looking to hedge their price exposure to ever-fluctuating pork cutout values.

A “cutout” is the approximate value of a hog computed using the prices paid for the various wholesale cuts of pork, including the loin, butt, picnic, rib, ham, and belly. Pork cutout values have seen tremendous volatility since the onset of the pandemic. During the first wave of panic buying in the second quarter, the USDA pork carcass cutout value based on FOB Omaha skyrocketed by nearly 116%. As the surge in retail buying subsided...

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Sep 29 12:55 PM, UB Newswires


ANALYSIS: Pork Trim Point Per Lean Comparison

Late seasonal domestic demand, export interest, lighter hog weights, and diminished availability of boning line workers have been noted as...

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Sep 17 7:18 AM, Urner Barry


China and Japan Suspend Pork Imports from Germany Following African Swine Fever Case 

According to the German Food and Agriculture Ministry, China and Japan have suspended imports of pork and live pigs from Germany after a case of African swine fever was confirmed in a wild boar near the Polish border in the eastern state of Brandenburg, Germany. This comes as South Korea banned imports of German pork last week.

Pork imports of 40,230 tons from Germany last year accounted for about 3.3% of Japan's total imports of pork, the ministry reported. Japan did not import any live pigs last year, down from six in 2018. China's ban on imports comes as the country deals with its own spread of the disease. German pork exports to China total about...

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Sep 14 9:43 AM, Urner Barry


ANALYSIS: ASF Reported in Germany; A Look at German Pork Exports

An African Swine Fever case has been identified and confirmed in one wild boar in Schenkendöbern, Brandenburg, Germany on...

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Sep 14 8:16 AM, Urner Barry


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...

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Jul 27 8:16 AM, Urner Barry


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...

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Jul 21 8:30 AM, General News


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...

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Jul 16 8:23 AM, Urner Barry


NPPC Urges Quick Senate Action on Legislative Relief for Hog Farmers 

COVID-related challenges have taken a severe financial and emotional toll on U.S. hog farmers, and rapid federal government assistance is needed to help thousands of pork producers weather this crisis. At a press briefing hosted by the National Pork Producers Council (NPPC), four pork producers addressed the crisis on their farms and called on the U.S. Senate to expeditiously adopt livestock agriculture provisions included in COVID-relief legislation recently passed by the U.S. House of Representatives.

The impact of COVID-19 has caused hog values to plummet, creating a financial disaster for pork producers nationwide who face a collective $5 billion loss for the remainder of the year. Additionally, U.S. pork producers face...

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Jun 1 8:08 AM, General News


The Trip Back to 'Normal' Slaughter Levels

Tuesday, May 26th, was a relative milestone for the hog industry as of late. The day’s kill was estimated at 405,000 head, the first time daily slaughter reached the 400,000 mark since April 17th. While this is a small victory, it is a victory nonetheless for an industry that has seen a precipitous drop in chain speeds due to COVID-19. The last time hog slaughter was near ‘normal’ was the week ended April 18th. Just two months ago, the industry achieved the largest daily hog slaughter on record at 500,879 head. As worker absenteeism and plant shutdowns disrupted chain speeds drastically during the last week of April, daily kill dropped to as low as 267,367 head, nearly 47% off its peak. 

It has been a slow but steady climb back to ‘normal’ slaughter levels. The improvement in production capabilities during the latest five weeks has helped nudge last week’s kill to over 2 million head. Early indications for this Saturday’s slaughter are pushing... 

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May 27 10:49 AM, UB Newswires


May 19 8:08 AM, Urner Barry

Webinar: UB Insights Into COVID-19 Impacts on Red Meat, Poultry 

This exclusive UB Insights webcast, aired May 14, 2020, features Urner Barry experts discussing the volatility of the beef, pork, and poultry markets during the coronavirus pandemic. Featured are beef market reporter Gary Morrison, pork market reporter Russell Barton, poultry market reporter Russ Whitman, livestock staff writer Courtney Shum and moderated by editorial director Jamie Chadwick...

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DOJ Provides Guidance for U.S. Pork Industry Response to COVID Crisis

The U.S. Department of Justice’s (DOJ) Antitrust Division provided guidance for collaboration among U.S. hog farmers to effectively address unprecedented challenges brought on by the COVID-19 pandemic. The favorable decision is in response to a “business review” letter submitted to the DOJ by the National Pork Producers Council seeking permission to allow hog farmers greater flexibility in working to maximize the number of hogs entering the food supply, minimize the tragic need to euthanize hogs, and, facilitate the safe and orderly euthanization of those hogs which are not able to enter the food supply.

COVID-related pork packing plant closures and slowdowns have caused a severe back-up of pigs on farms. Overcrowding impacts pigs’ ability to rest comfortably and may result in...

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May 18 9:44 AM, General News


Rabobank Pork Quarterly Q2 2020: COVID-19 Crisis Disrupts Global Pork Industry

Rabobank expects continued volatility in pork prices in 2020, as disruption in local markets is balanced with product shortfalls in Asia.

“The combined effect of near-term demand destruction and processing interruptions due to labor constraints has weakened producer returns and will slow production growth. Weaker GDP growth could further pressure pork demand, compounding an already challenging operating environment,” according to Christine McCracken, Senior Animal Protein Analyst.

China: Hog price strength reflects slow herd recovery and demand recovery

Hog prices remain elevated on African swine fever (ASF) herd losses and a gradual recovery in the production sector. Producer interest in rebuilding remains...

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Apr 28 8:21 AM, General News


ANALYSIS: Recent Plant Closures Creating Additional Uncertainty in the Value Chain

One of the first meat plants to announce its temporary closure due to the coronavirus was the JBS beef plant in Souderton, Pennsylvania on March 31st. Since then, additional beef, as well as...

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Apr 16 8:18 AM, UB Newswires


Hog Farmers Face COVID-19 Financial Crisis 

The impact of COVID-19 has caused hog values to plummet, creating a financial disaster for pork producers nationwide who face a collective $5 billion loss for the remainder of the year. At a press briefing, the National Pork Producers Council (NPPC) outlined the crisis as described by producers and the immediate relief they are requesting from the administration and Congress.

“We remain committed to supplying Americans with high-quality U.S. pork, but face a dire situation that threatens the livelihoods of thousands of farm families,” said NPPC President Howard “A.V.” Roth, a pork producer from Wauzeka, Wisconsin. “We are taking on water fast. Immediate action is imperative, or a lot of hog farms will go under.”

The suspension of pork packing plant operations and rising employee absenteeism due to COVID-19 has exacerbated an existing harvest facility capacity challenge due to...

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Apr 16 8:15 AM, General News


Tyson Foods Suspends Operations at Columbus Junction Facility 

Tyson Foods is taking extra precautions to prevent the spread of the coronavirus and provided an update on its business operations.

“We’re working hard to protect our team members during this ever-changing situation, while also ensuring we continue fulfilling our critical role of helping feed people across the country," said CEO Noel White.

At all locations, Tyson has been taking temperatures of every employee entering for their shift. Additionally, Tyson has stepped up cleaning and...

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Apr 7 8:19 AM, Urner Barry


Industry Reacts to Senate Passage of the Coronavirus Stimulus Package

The $2 trillion coronavirus stimulus package is expected to pass in Congress. The Senate passed the legislation Wednesday evening and the House is set to vote today. The bill includes $250 billion to make unemployment insurance available to more categories of workers and to extend the duration of benefits. About $150 billion will go to states, distributed according to population size. Another $349 billion will be used as loans for small businesses.

Matthew Shay, President and CEO of the National Retail Federation, said, "Companies that were investing, growing and contributing to a vibrant economy just a few weeks ago have been thrust into survival mode through no fault of their own." The Federation spoke on behalf of the retail industry in a press release by expressing appreciation for the efforts by leaders in Congress and President Trump to...

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Mar 27 8:17 AM, Urner Barry




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