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Hog slaughter last week was less than expected, in part because heat and big slaughter before Labor Day resulted in tight spot hog supply. Slaughter may remain below year ago levels next week but eventually it is expected to jump over 2.5m head later in the month and into October.
How pork producers can enhance their preparation and prevention strategies to combat foreign animal diseases.
Seth Mitchell makes his debut as the first future leader of the Pork Industry Immersion Program at NPB.
Belly prices collapsed late in the week, dropping almost 35% from the previous week. A big part of this was the big increase in slaughter but also higher prices at retail and seasonal decline in demand.
NPB is strategically reallocating Pork Checkoff funds into domestic and international market growth initiatives.
USDA currently forecasts per capita domestic supply of pork available down 2.9% from a year ago and at almost the same level in 2024. These are the lowest in a decade.
In loving memory of Kara Behlke Ungerman, NPB's Vice President of Nutrition, Health and Wellness Transformation. January 18, 1983 - August 4, 2023.
NPB has assembled a task force to bring more value to the pork loin to make it more competitive with other pork cuts and other proteins.
Wholesale pork prices continue to move higher as some buyers have been caught short. Much of the recent increase in price is due to higher belly prices but loin and ham prices have seen a notable seasonal increase.
For those who had forgotten about seasonality in pork prices, the last few weeks have been a good reminder. Pork supplies declined in Jun/July and early August due to a combination of lower slaughter and lower carcass weights. We estimate that since early May pork supplies are down 9%.
Dr. Steve Meyer, Lead Economist, Partners for Production Agriculture and Dr. Lee Schulz, Associate Professor, Iowa State University provided an economic outlook for the pork industry during the Pork Academy Sessions at the World Pork Expo.
Economists shared their insights and analysis of the USDA Quarterly Hogs and Pigs Report during a webinar hosted by the Pork Checkoff.
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