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Hog futures have been volatile, in part due to rush of speculative interest in the last quarter of 2024. Market participants now are looking to see how well pork demand holds up to start the year.
NPB CEO Bill Even takes a moment to recap and reflect on the work your Pork Checkoff accomplished this year based on producer priorities. NPB is working with the industry to build a bigger appetite for pork among American consumers.
Hogs and Pigs inventory implies higher slaughter starting in the spring and through the end of 2025. Report accuracy has come into question, however, and injected more uncertainty going forward.
Last week hog slaughter was 2.56 million head compared to near 2.7 million for the comparable week a year ago. In the last three weeks, slaughter has been down by almost 500k head y/y. This has significantly impacted spot supply.
This year, NPB rolled out Consumer Connect, a new market demand tool focused on making pork more relevant to consumers. Learn how NPB is reaching the top priority consumer segments to grow pork demand.
Explore the National Pork Board’s advancements through human nutrition science, sustainability and strategic outreach, driving demand, visibility and trust among consumers and professionals alike.
The short holiday week tends to create a lot of disruptions for both hog processors and manufacturers. Market will return to a more normal flow in the next two weeks.
Hog slaughter remains constrained, and all indications are that slaughter in the next two weeks will remain well below year ago levels.
Lean hog futures are now trading at contract highs, not just for the nearby market but also for next spring and summer. Hog supply coming to market has been slightly lower than previously expected; however, the key driver has been the higher prices paid for pork bellies, and to a lesser extent, hams.
USDA confirms isolated case in Oregon. Pork supply remains safe; coordinated efforts continue to monitor swine health and protect herds.
NPB helped promote pork in nutritious diets and fostered future opportunities in the nutrition and retail world at this year’s Food & Nutrition Conference & Expo®.
Hog slaughter finally broke over 2.6 million head but it remains well below expectations. Supply is expected to slowly trend higher and this should help ease some of the price pressures across the complex.
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