The U.S. hog supply increased at a modest rate this fall, with the litter size hitting a record high, the latest USDA quarterly report shows. The U.S. Department of Agriculture’s Dec. 23 quarterly hogs and pig report showed that an average of 10.02 pigs survived to maturity in the September-November period, up from 9.9 last
Modest hog herd expansion boosts futures
Cattle placement in U.S. feedlots takes surprise jump
The number of cattle placed in U.S. feedlots rose in November, according to the U.S. Agriculture Department, surprising analysts, who attributed the increase to record-high cattle prices and a seven per cent pull back in corn prices last month. USDA’s monthly cattle on feed report on Friday showed placements up four per cent in November
U.S. beef packer losses seen reaching record levels
U.S. beef packers are making record losses as the price they pay for cattle is outstripping what they earn on beef, private data showed Dec. 9. Analysts said the losses were record large and could force leading beef producers such as Tyson Foods and JBS USA to reduce cattle slaughter and beef production in a
Hedge Funds Move Into Cattle As Demand Grows And Supplies Shrink
Joe Ocrant, a 40-year veteran of the U.S. cattle trade, started his livestock-centred investment fund years ahead of the new wave of managed money that has flooded into livestock futures this year. With U.S. pork exports to China surging, most of the new money is going into hog futures, but Ocrant is going long on
U.S. cattle supply up, but no beef bargains seen
The number of cattle placed in U.S. feedlots rose unexpectedly last month, government data showed Friday, which analysts said set the stage for a larger-than-expected beef supply this winter. Placements, which came in about three per cent more than the average trade estimate, helped to lift cattle supply in feedlots by five per cent from
U.S. Hog Herd Expands Modestly On Record Prices
U.S. hog producers expanded herds more than expected this summer as record-high hog prices helped defray high feeding costs, analysts said Sept. 28 following a government hog report. The expansion will help boost pork production and keep retail pork prices in check. However, the pace of that herd growth was limited by corn prices hitting
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