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CME: Pork Processing Sector to Transition Over Next Two Years

2016-04-05 02:00:00| ThePigSite - Industry News

US - The US pork processing sector will be in transition the next two years. Two new state of the art US packing plants are under construction, one long-closed hog plant is expected to be modernized and reopen yet this year, a former cattle plant is planned for modernization and conversion to a hog plant, and in the last few weeks another has been added to the drawing board, write Steve Meyer and Len Steiner.

Tags: two years processing sector

 

CME: Pork Cutout Value Showing Strength

2016-03-31 02:00:00| ThePigSite - Industry News

US - The pork cutout value has shown some strength lately, relative to last year’s depressed levels. For the week of 3/25/16 the national pork cutout value, reported by USDA-AMS, was $76.20 per cwt. compared to $67.02 one year ago, write Steve Meyer and Len Steiner.

Tags: showing strength pork cme

 
 

CME: Upward Revisions Made to US Pig Crop Again

2016-03-29 02:00:00| ThePigSite - Industry News

US - USDA released on Friday, March 25, the results of its quarterly survey of hog producers, providing a benchmark for hog supplies as of March 1, write Steve Meyer and Len Steiner.

Tags: made crop pig revisions

 

CME: Cold Storage Report Supportive for Pork Prices

2016-03-24 01:00:00| ThePigSite - Industry News

US - USDA published yesterday on Tuesday the results of its monthly survey of refrigerated warehouses, write Steve Meyer and Len Steiner.

Tags: report prices storage cold

 

CME: Lean Hog Futures Down Sharply

2016-03-23 01:00:00| ThePigSite - Industry News

US - CME lean hog futures were down sharply yesterday in what we think was a reaction to short term bearish factors (holiday slaughter), market positioning and the lack of any new bullish information, write Steve Meyer and Len Steiner.

Tags: futures lean sharply hog

 

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