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Weekly Outlook

Pork Industry May Face Large Losses

  • June 4, 2018
  • Chris Hurt

Large pork supplies, rising costs, and potential trade retaliation from both Mexico and China continue to cast a shadow over the pork industry. Losses are expected for the rest of…
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Weekly Outlook

Pork Tariffs Sour Industry Outlook

  • April 2, 2018
  • Chris Hurt

The 2018 outlook early this year was for modest profitability. Now, it has shifted to losses. The reasons are clear. Higher costs and lost exports as China has implemented a…
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Weekly Outlook

Hog Prices Supported by Strong Demand

  • January 2, 2018
  • Chris Hurt

In USDA's December Hogs and Pigs report, pork producers indicated they continue to increase the breeding herd at a slow-sustainable pace. The breeding herd was up one percent and the…
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Weekly Outlook

Hog Price Prospects Strengthen

  • December 4, 2017
  • Chris Hurt

Hog prices this fall have been stronger than anticipated. In early October, USDA analysts estimated that fourth quarter live prices would average $38 to $40 per hundredweight. Now it looks…
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Weekly Outlook

Weather Clouds Pork Outlook

  • July 10, 2017
  • Chris Hurt

Pork producers are watching the weather forecast almost as intently as crop producers. Higher feed prices driven by weather forecasts are now a new threat to their returns. Current feed…
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Weekly Outlook

Hog Prices Outperform Expectations

  • February 27, 2017
  • Chris Hurt

The pork industry outlook has experienced a major shift to the upside. Pork producers are pleased to see 2017 hog prices higher than expected. The low point for the industry…
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Weekly Outlook

Cattle Prices, More Room for Recovery?

  • November 7, 2016
  • Chris Hurt

Some are saying this is the most volatile cattle market ever. An evaluation of that statement would take considerable number crunching, but everyone can agree that few expected cattle prices…
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Weekly Outlook

Pork Outlook Turns Sour

  • October 3, 2016
  • Chris Hurt

Hog prices have collapsed to levels far below breakeven. There is worry that there are more hogs headed to market this fall than available packing capacity, and the latest USDA…
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Weekly Outlook

Cattle Markets Can Recover

  • July 25, 2016
  • Chris Hurt

Lower cattle prices have been the story this spring and summer. Beef supply has been large due to heavy placements of heavy calves and the beginning of more females coming…
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Weekly Outlook

Fewer Hogs and Higher Prices

  • March 28, 2016
  • Chris Hurt

The nation's pork producers have indicated to USDA that they are not expanding the breeding herd and, in fact, intend to reduce farrowings this spring and summer. This means pork…
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Weekly Outlook

Robust Beef Expansion Will Slow

  • February 1, 2016
  • Chris Hurt

Nothing like record cattle prices and profitability to get an industry excited about expansion. The latest USDA Cattle report shows a rapid expansion is underway with cattle and calf numbers…
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