Jim Long Pork Commentary: U.S. slaughter continue to be lower year over year

Published 2021년 11월 3일

Tridge summary

The USDA has reported a 6% decrease in the number of hogs under 120 lbs, which is expected to result in higher cash prices in 2022. This is due to factors such as liquidation in China, Europe, and the US, lower U.S. hog numbers, and challenges in the packing industry due to a lack of labor. Additionally, corn and soybean exports are lower than projected, which may indicate less pigs being produced in China. Furthermore, data shows a decrease in productivity and an increase in mortality in U.S. pigs, leading to an estimated 3 million more pigs dying than in 2018. These factors, along with higher feed costs, are expected to result in higher prices in 2022.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Certainly, appears to us less hogs around. The USDA September 1st Inventory report indicated 6% less hogs under 120 lbs. We should see those hogs coming to market near December 1st. Lean Hog Futures have taken a big hit last few days. We will stick with our premise liquidation in China, Europe, and lower U.S. hog numbers will lead to cash prices in 2022 much higher than lean hog futures indicate now. Less Hogs. Less Pork. Higher Prices. Some U.S. packers being challenged by lack of labor. This is restricting kills and ability for them to add value to carcass. This is hurting hog prices currently. All have seen the roughly 50¢ bushel jump in corn the last while. We have been traveling the Midwest the last week and we saw lots of corn still to harvest. Producers we talked to were positive about yields. Corn and Soybean exports both below USDA projections for this new crop year. Soybean imports to China in September the lowest in seven years. If pigs are being liquidated in China it ...

Source: Thepigsite