Feedstuffs Precision Pork: Recent Episodes
Feedstuffs
Feedstuffs Precision Pork is a weekly look at market trends and ways to bring more precision to your pork business.
As we enter the new year, the time is now to focus on pork profitability. A good place to start is to set goals with a focus on improving KPIs, including that of improving pig health. Getting pigs started in a cost effective manner is particularly critical in these market conditions as our guests explain.
Joining Feedstuffs Precision Pork host Patrick Duerksen in this episode are Sabrina May and Ken Mooney. May is swine research and product development manager and Mooney is a swine nutritionist at Cargill.
Feedstuffs Precision Pork is brought to you by Cargill. Never miss out on knowing today’s profitability outlook. To learn more about the general outlook, sign up for Cargill’s Pig Flash newsletter. You can also customize the data to your operation using Cargill’s Producer Profitability tools so you always have the profitability outlook tailored to your specific situation. Just ask the Cargill team
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Pork profitability and risk management go hand in hand, and considering today’s market conditions its important to drop any existing biases and look strategically at what you might have done differently this year.
Joining Feedstuffs Precision Pork host Patrick Duerksen in this episode are Cargill’s Matt Wolfe and Andrew Leddy. They talk about specific steps that can be taken to strategically improve your operation's bottom line. It may be reevaluating your nutrition strategy, tightening down your feeder settings or doing a complete strategy review. Feed efficiency is clearly still important but, as they explain, what isn’t needed at this time is formulating for weight gain.
Feedstuffs Precision Pork is brought to you by Cargill. Never miss out on knowing today’s profitability outlook. To learn more about the general outlook, sign up for Cargill’s Pig Flash newsletter. You can also customize the data to your operation using Cargill’s Producer Profitability tools so you always have the profitability outlook tailored to your specific situation. Just ask the Cargill team
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The hog industry is currently dealing with numerous stressful situations, and one, in particular, that needs to be on the industry's radar as new crop corn starts coming in is that of grain quality. What is the mycotoxin risk and how may that change as harvest season progresses?
In this episode of Feedstuffs Precision Pork, host Patrick Duerksen, Commercial Director for Cargill, is joined by Drs. Wes Schweer and Chris Parks, Swine Nutritionists with Cargill. They discuss the current situation related to mycotoxins and what to watch for in the coming months.
Feedstuffs Precision Pork is brought to you by Cargill. Never miss out on knowing today’s profitability outlook.
To learn more about the general outlook, sign up for Cargill’s Pig Flash newsletter. You can also customize the data to your operation using Cargill’s Producer Profitability tools so you always have the profitability outlook tailored to your specific situation. Just ask the Cargill team.
Can we do better with how we start our pigs? Yep, we probably can.
In this episode of Feedstuffs Precision Pork, host Patrick Duerksen, Commercial Director for Cargill, is joined by Drs. Wes Schweer, Swine Nutritionist with Cargill, and Brooke Smith, Veterinary Nutrition Lead of Cargill. They talk about the importance of pushing the envelope in the nursery space and trying new things.
Feedstuffs Precision Pork is brought to you by Cargill. Never miss out on knowing today’s profitability outlook.
To learn more about the general outlook, sign up for Cargill’s Pig Flash newsletter. You can also customize the data to your operation using Cargill’s Producer Profitability tools so you always have the profitability outlook tailored to your specific situation. Just ask the Cargill team.
In this episode of Feedstuffs Precision Pork, host Patrick Duerksen, Commercial Director for Cargill, is joined by Cargill nutritionists Chad Pilcher and Chris Parks to talk feed conversion and profitability. They kick off with a discussion on how best to roll up feed conversion and set as a priority that of saving money or making money.
How then does one set a feed conversion goal for a hog operation based on economic conditions, energy costs and other factors? What about variation within an operation? What needs to be considered there? Can feed variation be a factor as well when it comes to feed conversion? These are all questions that are addressed.
Feedstuffs Precision Pork is brought to you by Cargill. Never miss out on knowing today’s profitability outlook.
To learn more about the general outlook, sign up for Cargill’s Pig Flash newsletter. You can also customize the data to your operation using Cargill’s Producer Profitability tools so you always have the profitability outlook tailored to your specific situation. Just ask the Cargill team.
In this episode of Feedstuffs Precision Pork, hosts Patrick Duerksen, Commercial Director for Cargill, and Chad Steinkamp, Strategic Account Manager with Cargill, review their key take-aways from the National Pork Industry Conference (NPIC) and explore why it's important for hog producers to manage and monitor nutrients versus simply buying inputs.
Feedstuffs Precision Pork is brought to you by Cargill. Never miss out on knowing today’s profitability outlook.
To learn more about the general outlook, sign up for Cargill’s Pig Flash newsletter. You can also customize the data to your operation using Cargill’s Producer Profitability tools so you always have the profitability outlook tailored to your specific situation. Just ask the Cargill team.
In this episode of Feedstuffs Precision Pork, we take a look at the market trends and ways to bring more precision to your pork business.
Joining us today with insight on the grain markets and a World Pork Expo recap are Patrick Duerksen, Commercial Director for Cargill, and Chad Steinkamp, Strategic Account Manager with Cargill.
Feedstuffs Precision Pork is brought to you by Cargill. Never miss out on knowing today’s profitability outlook.
To learn more about the general outlook, sign up for Cargill’s Pig Flash newsletter. You can also customize the data to your operation using Cargill’s Producer Profitability tools so you always have the profitability outlook tailored to your specific situation. Just ask the Cargill team.
In this episode of Feedstuffs Precision Pork, we take a look at the market trends and ways to bring more precision to your pork business.
Joining us today with insight on the grain markets, a heads up to closely monitory the protein and lysine levels of your soy plus hog market insight are Patrick Duerksen, Commercial Director for Cargill, and Chad Steinkamp, Strategic Account Manager with Cargill.
Feedstuffs Precision Pork is brought to you by Cargill. Never miss out on knowing today’s profitability outlook.
To learn more about the general outlook, sign up for Cargill’s Pig Flash newsletter. You can also customize the data to your operation using Cargill’s Producer Profitability tools so you always have the profitability outlook tailored to your specific situation. Just ask the Cargill team.
In this episode of Feedstuffs Precision Pork, we take a look at the market trends and ways to bring more precision to your pork business.
Joining us today with insight on the grain markets, a heads up on upcoming distillers dried grains supplies and hog market insight are Patrick Duerksen, Commercial Director for Cargill, and Chad Steinkamp, Strategic Account Manager with Cargill. They also talk about the importance of knowing the actual nutrient value of the ingredients you are feeding today.
Feedstuffs Precision Pork is brought to you by Cargill. Never miss out on knowing today’s profitability outlook.
To learn more about the general outlook, sign up for Cargill’s Pig Flash newsletter. You can also customize the data to your operation using Cargill’s Producer Profitability tools so you always have the profitability outlook tailored to your specific situation. Just ask the Cargill team.
In this episode of Feedstuffs Precision Pork, we take a look at the market trends and ways to bring more precision to your pork business.
Joining us today with insight on the grain markets, a heads up on upcoming distillers dried grains supplies and hog market insight are Patrick Duerksen, Commercial Director for Cargill, and Chad Steinkamp, Strategic Account Manager with Cargill. They also talk about the importance of knowing the actual nutrient value of the ingredients you are feeding today.
Feedstuffs Precision Pork is brought to you by Cargill. Never miss out on knowing today’s profitability outlook.
To learn more about the general outlook, sign up for Cargill’s Pig Flash newsletter. You can also customize the data to your operation using Cargill’s Producer Profitability tools so you always have the profitability outlook tailored to your specific situations. Just ask the Cargill team.
In this episode of Feedstuffs Precision Pork, Mark Hulsebus, Swine Commercial Director at Cargill, offers some animal feed and hog market perspective.
With harvest in the books, we look ahead to the December quarterly Hogs and Pigs report due out from the U.S. Department of Agriculture, and discuss the current supply situation with regard to lean hogs.
Hulsebus also discusses the current demand picture for pork and how that's reflected in lean hog futures, and provides an outlook on what the profit picture looks like over the next 12 months and where opportunities to lock in profits might exist.
These are uncertain times, and it will pay dividends to be well-prepared. If you have questions on this week’s episode or want to discuss something not covered, feel free to ASK MARK at mark_hulsebus@cargill.com.
Also, click HERE to subscribe to the Cargill Pig Flash weekly eNewsletter.
Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com.
In this episode of Feedstuffs Precision Pork, Mark Hulsebus, Swine Commercial Director at Cargill, offers some animal feed and hog market perspective.
Feed costs appear to be moderating somewhat as harvest is in full swing across the Midwest, and lean hog prices are much stronger than they were this time a year ago.
Hulsebus discusses the current demand picture for pork and how that's reflected in lean hog futures, and provides an outlook on what the profit picture looks like over the next 12 months and where opportunities to lock in profits might exist.
These are uncertain times, and it will pay dividends to be well-prepared. If you have questions on this week’s episode or want to discuss something not covered, feel free to ASK MARK at mark_hulsebus@cargill.com.
Also, click HERE to subscribe to the Cargill Pig Flash weekly eNewsletter.
Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com.
In this episode of Feedstuffs Precision Pork, Mark Hulsebus, Swine Commercial Director at Cargill, offers some animal feed and hog market perspective. The headwinds of inflation dramatically altered the opportunity to lock in profits in the pork sector over the course of the summer, and now the grain markets are in "wait and see" mode until getting some more empirical data from combines rolling across the Corn Belt.
Hulsebus discusses the current demand picture for pork and what that's meant for lean hog futures, and provides an outlook on what the profit picture looks like over the next 12 months and where opportunities to lock in profits might exist.
These are uncertain times, and it will pay dividends to be well-prepared. If you have questions on this week’s episode or want to discuss something not covered, feel free to ASK MARK at mark_hulsebus@cargill.com.
Also, click HERE to subscribe to the Cargill Pig Flash weekly eNewsletter.
Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com.
In this episode of Feedstuffs Precision Pork, Mark Hulsebus, Swine Commercial Director at Cargill, offers some animal feed and hog market perspective. The headwinds of inflation dramatically altered the opportunity to lock in profits in the pork sector over the past 30 days.
As consumers struggle with higher costs in generally every sector, the question becomes how much higher meat prices are eroding demand for animal-derived proteins. Hot, dry weather across much of the Corn Belt also present some concerns with regard to producer profitability as a tighter grain supply come harvest would send prices higher and further escalate producer costs.
Finally, Hulsebus provides an update on lean hog values and explains what the profit picture looks like over the next 12 months and where opportunities to lock in profits might exist.
These are uncertain times, and it will pay dividends to be well-prepared. If you have questions on this week’s episode or want to discuss something not covered, feel free to ASK MARK at mark_hulsebus@cargill.com.
Also, click HERE to subscribe to the Cargill Pig Flash weekly eNewsletter.
Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com.
In this episode of Feedstuffs Precision Pork, Mark Hulsebus, Swine Commercial Director at Cargill, offers some animal feed and hog market perspective. Despite the headwinds of an inflationary environment the U.S. hasn't seen in more than 40 years, the opportunity to lock in profits in the pork sector looks relatively strong over the coming 12 months.
Although consumers are struggling with higher costs in generally every sector, they did not appear to turn away from meat purchases this summer, and that continued strong demand is a key part of the story. Exports also continue to outpace expectations.
Finally, Hulsebus provides an update on the outlook for swine production profitability given continued volatility in the markets, in the weather, and in the geopolitical realm. Surprisingly, the opportunity to lock in profit in some traditionally lean months is now on the table.
These are uncertain times, and it will pay dividends to be well-prepared. If you have questions on this week’s episode or want to discuss something not covered, feel free to ASK MARK at mark_hulsebus@cargill.com.
Also, click HERE to subscribe to the Cargill Pig Flash weekly eNewsletter.
Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com.
In this episode of Feedstuffs Precision Pork, Mark Hulsebus, Swine Commercial Director at Cargill, offers some animal feed and hog market perspective. The corn market may have found a top in the first half of 2022, but the markets are wound tight enough that any weather disruptions this summer bear watching.
Hulsebus also discusses the potential for food price inflation to temper meat demand heading into the heart of summer grilling season as consumers struggle with the higher cost of... everything.
Finally, Hulsebus provides an update on the outlook for swine production profitability given the ongoing uncertainty in Eastern Europe and how that has roiled the feed markets, and why the forward profit curve is telling producers to take advantage of opportunities now... because Q4 and Q1 of next year will likely bring red ink.
These are uncertain times, and it will pay dividends to be well-prepared. If you have questions on this week’s episode or want to discuss something not covered, feel free to ASK MARK at mark_hulsebus@cargill.com.
Also, click HERE to subscribe to the Cargill Pig Flash weekly eNewsletter.
Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com.
In this episode of Feedstuffs Precision Pork, Mark Hulsebus, Swine Commercial Director at Cargill, offers some animal feed and hog market perspective. The corn market has taken a bit of a breather with the crop largely planted, but any weather disruptions this summer bear watching. The energy markets still dominate the discussion of fat availability for livestock feed.
Hulsebus also discusses the potential for food price inflation to temper meat demand heading into the heart of summer grilling season as consumers struggle with the higher cost of... everything.
Finally, Hulsebus provides an update on the outlook for swine production profitability given the ongoing uncertainty in Eastern Europe and how that has roiled the feed markets, and why the forward profit curve is telling producers to take advantage of opportunities now... because they may not be there in a few months.
These are uncertain times, and it will pay dividends to be well-prepared. If you have questions on this week’s episode or want to discuss something not covered, feel free to ASK MARK at mark_hulsebus@cargill.com.
Also, click HERE to subscribe to the Cargill Pig Flash weekly eNewsletter.
Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com.
The upcoming World Pork Expo in Des Moines, Iowa, will be held June 8-10. It is where the hog industry annually gathers to learn, network and explore new ideas.
In this segment of Feedstuffs Precision Pork, we talk with Patrick Duerksen of Cargill Animal Nutrition about the plans that Cargill has for this year’s Expo.
In addition to having its experts on hand in its booth and hospitality tent to explore such things as producer profitability, feed ordering and the Agriness tool, Cargill will be hosting two seminars for attendees on Wednesday. The first will be from 1 pm to 2 pm on sustainability and the second will be from 2:30 pm to 3:30 pm on planning for fall. Take a listen for all the details.
These are uncertain times, and it will pay dividends to be well-prepared. If you have questions on this week’s episode or want to discuss something not covered, feel free to ASK MARK at mark_hulsebus@cargill.com.
Also, click HERE to subscribe to the Cargill Pig Flash weekly eNewsletter.
Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com.
In this episode of Feedstuffs Precision Pork, Mark Hulsebus, Swine Commercial Director at Cargill, offers some animal feed and hog market perspective, with an eye toward the rising cost of feed as corn hovers above $8. Hulsebus also discusses the potential for food price inflation to temper meat demand heading into summer grilling season.
Finally, Hulsebus provides an update on the outlook for swine production profitability given the ongoing uncertainty in Eastern Europe and how that has roiled the feed markets.
These are uncertain times, and it will pay dividends to be well-prepared. If you have questions on this week’s episode or want to discuss something not covered, feel free to ASK MARK at mark_hulsebus@cargill.com.
Also, click HERE to subscribe to the Cargill Pig Flash weekly eNewsletter.
Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com.
In this episode of Feedstuffs Precision Pork, Mark Hulsebus, Swine Commercial Director at Cargill, offers some animal feed and hog market perspective, with an eye toward the latest Hogs & Pigs and Planting Intentions reports from the U.S. Department of Agriculture. Hulsebus also discusses the effect that rising fuel costs continue to have on the availability and price of DDGS and liquid fats in swine rations.
Finally, Hulsebus provides an update on the outlook for swine production profitability given the uncertainty in Eastern Europe and how that has roiled the feed markets.
These are uncertain times, and it will pay dividends to be well-prepared. If you have questions on this week’s episode or want to discuss something not covered, feel free to ASK MARK at mark_hulsebus@cargill.com
Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com.
With the warm weather approaching, the time is now to start thinking about those summer profitability strategies.
Joining us on this Feedstuffs Precision Pork podcast are two experts on the topic from Cargill Animal Nutrition. We talk with Mark Hulsebus and Matthew Ritter about feeding strategy, outlook, optimum weights and more.
Plan today for tomorrow’s success. These are uncertain times, and it will pay dividends to be well-prepared. Hog nutrition experts at Cargill are available to assist you with your questions.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
On any given day a producer must think about feed costs, biosecurity measures, vaccinations, marketing.. the list goes on. One area of production that is often overlooked is water quality. Ensuring that water is of good quality, properly delivered, and available to all pigs is not always as easy as it sounds.
In this episode, we talk with Erin Ehinger, Cargill Production Support Specialist, and Bob TenHove, Cargill Account Manager, to discuss why water is important and what a producer can do to ensure good water quality.
Plan today for tomorrow’s success. These are uncertain times, and it will pay dividends to be well-prepared. Hog nutrition experts at Cargill are available to assist you with your questions.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this first Feedstuffs Precision Pork episode of the new year, we turn to Mark Hulsebus, commercial director, and Matt Ritter, nutrition and technical services director, with Cargill Animal Nutrition, to get their insights on what’s likely ahead for the hog industry in 2022.
What might the omnicron virus, continued shipping issues, feed costs and this week’s return of winter to the Midwest mean for pork producers when it comes to profitability. As we hear, now may not be the time to buckle down but rather a time to take a hard look at the opportunities that lie ahead.
Plan today for tomorrow’s success. These are uncertain times, and it will pay dividends to be well-prepared. Hog nutrition experts at Cargill are available to assist you with your questions.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
Winter is here! With this change in season, comes the need to change our mindsets when it comes to our hog barns. Switching from controlling excess heat to conserving heat, while still maintaining adequate air exchange, is important for both air quality and pig comfort.
Today we are joined by Cargill production support specialists Erin Ehinger and Joe George to find out their tips and tricks for preparing for winter.
Plan today for tomorrow’s success. These are uncertain times, and it will pay dividends to be well-prepared. Hog nutrition experts at Cargill are available to assist you with your questions.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
Harvest is here, and that means it’s time to be on the lookout for molds and mycotoxins, and to be aware of how they might impact your pigs.
Depending on the strain and prevalence, mold and mycotoxins can mean minor productivity setbacks or major health concerns.
In this Feedstuffs Precision Pork Special Report, Feedstuffs editor Sarah Muirhead talks with Chris Parks, swine nutritionist with Cargill, and Don Geesting, micro nutrition innovation lead with Cargill. They discuss the negative impact of mycotoxins on pigs, and what can be done to minimize the risk of mycotoxin contamination.
Plan today for tomorrow’s success. These are uncertain times, and it will pay dividends to be well-prepared. Hog nutrition experts at Cargill are available to assist you with your questions.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Cargill, offers some hog market perspective and market highlights for the week as well as provides things to think about in the week ahead.
These are uncertain times, and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com
Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Cargill, offers some hog market perspective and market highlights for the week as well as provides things to think about in the week ahead.
These are uncertain times, and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com
Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Cargill, offers some hog market perspective and market highlights for the week as well as provides things to think about in the week ahead.
These are uncertain times, and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com
Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
African swine fever has been on everyone’s mind for several years now, and more recently with cases of ASF being confirmed in the Dominican Republic and Haiti, it is definitely a topic of conversation for pork producers throughout North America.
While no cases of ASF have been confirmed in the U.S., it is important for all of us to come together and do what we can to prevent ASF from reaching our shores. In this special Feedstuffs Precision Pork podcast, we explore some tools and programs out there that will allow you to plan and take action.
Joining us for this discussion are Mark Hullsabus and Dr. Jason Hoocker. Mark is the commercial director of pork for Cargill. Prior to joining Cargill, he was part of the leadership team at TriOak Foods. Jason is a swine veterinarian with AMVC.
Related resources:
Swine Health Information Center: https://www.swinehealth.org/
National Pork Board: https://www.pork.org/
National Pork Producer’s Council: https://nppc.org/
Secure Pork Supply Plan: https://www.securepork.org/
Agview: https://www.agview.com/
USDA: https://www.aphis.usda.gov/aphis/ourfocus/animalhealth/animal-disease-information/swine-disease-information/african-swine-fever/african-swine-fever
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Cargill, offers some hog market perspective and market highlights for the week as well as provides things to think about in the week ahead.
We are officially into fall but looking around the Midwest, the combines have yet to be fully engaged. Initial discussions are quite typical with those saying production will be up and others saying it will be down. Based on the U.S. Department of Agriculture's latest production numbers from September 10, corn and soybeans both are still thought to making a good showing this season. Time will tell, says Bauer.
These are uncertain times, and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com
Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Cargill, offers some hog market perspective and market highlights for the week as well as provides things to think about in the week ahead.
The markets saw a slight bounce off of the previous week.
Across much of the Midwest, harvest has begun but probably best not to rush, says Bauer, given that ports are still backlogged and facilities on the mend for Hurricane Ida.
These are uncertain times, and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com
Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Cargill, offers some hog market perspective and market highlights for the week as well as provides things to think about in the week ahead.
These are uncertain times, and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com
Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Provimi, offers some hog market perspective and market highlights for the week as well as provides things to think about in the week ahead.
These are uncertain times, and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com
Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Provimi, offers some hog market perspective and market highlights for the week as well as provides things to think about in the week ahead.
These are uncertain times, and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com
Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Provimi, offers some hog market perspective and market highlights for the week as well as provides things to think about in the week ahead.
USDA may have reported corn yields would drop 5 bu./acre this season but how likely is that really? Bauer shares his thoughts. What about beans? He digs into that too.
Pork exports were down from the week prior and for the four-week average. Profitability on hogs is heading downward, with breakeven expected in December to January period before regaining some strength thereafter.
These are uncertain times, and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com
Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Provimi, offers some hog market perspective and market highlights for the week as well as provides things to think about in the week ahead.
African swine fever (ASF) became public three years ago in China. While some would question the messaging currently coming out of China, the fact of the matter is that China will indeed achieve pre-ASF status. As a result, U.S. pork exports could be impacted. Fortunately, though, for the U.S. market, as exports to China have softened, so have U.S. slaughter trends. What’s ahead? Bauer explains.
These are uncertain times, and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com
Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Cargill, offers some hog market perspective and market highlights for the week as well as provides things to think about in the week ahead.
Weekly pork exports were up 57% versus prior week and represented 17% of the week’s pork production, marking the 7th highest production of the year. Year-to-date slaughter is down slightly from year ago.
Is China rebuilding its sow herd? If so, how will the U.S. replace these exports? What about the Dominican Republic and its finding of Africa swine fever? Bauer shares his thoughts on these topics and more.
These are uncertain times, and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com
Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Provimi, offers some hog market perspective and market highlights for the week as well as provides things to think about in the week ahead.
Weekly pork exports were up following previos week’s downturn and represented 13% of weekly pork production. Still, these sales were well below the year-to-date weekly average.
Mexico led all buyers, followed by Japan, Korea and Columbia. China ended the week with net cancellations.
What’s all this mean? Bauer explains.
These are uncertain times, and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com
Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Provimi, offers some hog market perspective and market highlights for the week as well as provides things to think about in the week ahead.
While African swine fever has been in the wild boar population in Germany since 2020, this week it was identified in a domestic herd for the first time. The organic-based operation does allow its sows to go outdoors.
In terms of weekly pork sales, Bauer said they were a bit of a disappointment this week. Is there a recovery ahead? Take a listen for his best guess.
These are uncertain times, and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com
Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Provimi, offers some hog market perspective and market highlights for the week as well as provides things to think about in the week ahead.
This is a year where waiting for the highs may not necessarily be the best approach so the managing of risk is important. May prices were up 4%, rather than the usual 4% drop for the month, reflecting both strong domestic and global demand profiles, said Bauer. What’s ahead? Take a listen to find out where that pot-of-gold may be.
These are uncertain times, and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com
Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Provimi, offers some hog market perspective and market highlights for the week as well as provides things to think about in the week ahead.
The hog market saw incredible swells this week, spurred by the weather and a wild rumor of a case of African swine fever in Iowa.
Exports were 12% of weekly pork production, with Mexico leading sales, followed by Japan and then China.
Bauer recommends paying attention to the weather over the weekend as it could greatly influence the market with drought continues in some key areas.
Profitability, according to Bauer, looks to be around $65/head for the next 30 days before dipping a bit. Take a listen to find out more.
These are uncertain times, and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com
Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Provimi, offers some hog market perspective and market highlights for the week as well as provides things to think about in the week ahead.
It was another record-breaking week in the hog markets, and although the underlying fundamentals haven't changed much, the emotion moneyflow and trading volumes certainly have. Bauer explains that several futures markets encountered dynamic corrections this week, although the cash markets have not.
Bauer uses some examples from the recent correction in the lumber markets to illustrate the relationship between the futures and spot contract prices seen in the hog and grain markets.
These are uncertain times, and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com
Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Provimi, offers some hog market perspective and market highlights for the week as well as provides things to think about in the week ahead.
In what shouldn’t have been any surprise, the hog market made a significant correction this week. As Bauer explains, it was not about China’s buying, it was about the U.S. market making a much-needed adjustment. What role did the weather and an announcement by the feds to change monetary policy more quickly than anticipated play? Bauer shares his thoughts.
These are uncertain times, and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com
Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Provimi, offers some hog market perspective and market highlights for the week as well as provides things to think about in the week ahead.
Hog producers were in a good mood at this week’s World Pork Expo in Des Moines, Iowa. Price trends have been nothing short of incredible. While front-loaded, monthly average return for roughly the next 12 months is projected to be $30/head/month.
These are uncertain times, and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com
Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Provimi, offers some hog market perspective and market highlights for the week as well as provides things to think about in the week ahead.
Prices reacted to demand this past week as well as anticipated tighter supply expected this coming fall and winter from PRRS and PEDv impacts.
Supply chain disruptions are feared with the pending reduction of line speeds at slaughter plants, which has left wholesalers and retailers competing for available supplies to prepare for the potential of less pork in the coming weeks and months. The result was an increase in the pork cutout this week to a seven-week high.
These are uncertain times, and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com
Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Provimi, offers some hog market perspective and market highlights for the week as well as provides things to think about in the week ahead.
The planting of corn and beans continued to trend higher with nice gains on the week prior. Shortly the focus will turn to conditions and the way things look there will be some good reports there.
Pork sales for the week had a nice bounce back. Take a listen. Bauer explains.
These are uncertain times, and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com
Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Provimi, offers some hog market perspective and market highlights for the week as well as provides things to think about in the week ahead.
Mexico led all purchases for the week, followed by Japan and then China at 16%. China continues to be flush with pork as the liquidation of pigs from African swine fever provides plenty of pork in the short term. What’s going on in terms of slaughter and the cutout? Take a listen. Bauer explains.
These are uncertain times, and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com
Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Provimi, offers some hog market perspective and market highlights for the week as well as provides things to think in the week ahead.
This week there was finally some relaxing of the market’s wild ride but Bauer isn’t so sure it’s going to hold. He explains.
Exports were disappointing for the week. Mexico led all buyers. What’s the trend there?
These are uncertain times, and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com
Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
As a hog producer, you have probably been told, and repeatedly so, that digitization is the future. But where do you start? What is the best way to realistically embrace digitization and how best to do it in a way that doesn’t require the investment of much precious time?
In this special episode of Feedstuffs Precision Pork, Erin Ehinger, Production Support Specialist at Provimi, a Cargill Animal Nutrition and Health brand, joins us to discuss the importance of really knowing and understanding each step of the production process and why pigs respond as they do. Likewise, we talk about when adjustments may be needed along the way to ensure proper pig health and wellbeing.
If you have any questions or want to learn more, you can contact your local Provimi rep or reach out to Erin at Eehinger@provimi-na.com.
If you want to read more about the latest intelligent animal production practices, check out Feeding Intelligence at Cargill.com/feedingintelligence.
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Provimi, offers some hog market perspective and market highlights for the week as well as provides things to think in the week ahead.
Weekly pork exports were the fourth largest of the year. Mexico led all buyers followed by China. What's it all mean? Take a listen.
These are uncertain times, and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com
Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Provimi, offers some hog market perspective and market highlights for the week as well as provides things to think about this year.
Weekly pork exports got back on track this week. Net sales were down. Mexico led that buying, followed by Japan. China remained in the market. What’s ahead? Take a listen.
These are uncertain times, and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com
Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Provimi, offers some hog market perspective and market highlights for the week as well as provides things to think about this year.
It’s time to pull out that spring checklist and start checking things off to ensure your facilities are performing at peak efficiency. In need of such a list? Just let Bauer know and he’d be glad to send such a list your way.
As for the market this week, he explains it was an odd one for exports with the U.S. Department of Agriculture making a one-time correction to balance out the books from last year. China also returned to buy pork. Take a listen, Bauer explains.
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com
Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Provimi, offers some hog market perspective and market highlights for the week as well as provides things to think about this year.
Pork sales for the week were led by Mexico and Japan, with an absence of China. Is this a strategy by China to drive market correction and bring prices lower? Bauer shares his thoughts. Plus he digs into how sales compared to production and what that meant to the market.
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com
Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Provimi, offers some hog market perspective and market highlights for the week as well as provides things to think about as we enter the new year.
Today's ag systems have so many moving parts and that means they take a team to effectively manage. As Bauer explains there is a cost of doing things right and a cost of doing things wrong, so plan accordingly.
What about pork exports and how they are trending? Take a listen.
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com
Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Provimi, offers some hog market perspective and market highlights for the week as well as provides things to think about as we enter the new year.
What’s been driving this year’s demand-driven rally? Weather, economics and politics? Or as Bauer explains, it is more likely fundamental market impact. Take a listen. Bauer walks us through what he sees taking place out there.
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com.
Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
The only constant is change in the pork industry. From feed costs to shifts in global and domestic demand, the profitability picture has been a bit unclear so far in 2021. Will that improve going into the summer months? What does the opportunity look like for those pigs headed to market soon, and those marketed for the summer? In this special report of Feedstuffs Precision Pork, we talk to the team at Provimi for more insights. As they put it, now is the time to ensure you’re not tripping over dollars to chase pennies per head.
Joining us from Provimi are Dave Bauer, market analyst and swine nutritionists Dr. Chris Parks and Dr. Qingyun “Q” Li.
Take a listen. As they tell us, don’t overlook smaller opportunities because you’re looking long-term. Being nimble, it can add up.
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Provimi, offers some hog market perspective and market highlights for the week as well as provides things to think about as we enter the new year.
Let’s talk about the 11 seasons of the year, and as we do, let’s also look at pork exports and what’s going on there. What's happening in global shipments and demand? Take a listen.
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com.
Plan today for tomorrow’s success.
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Provimi, offers some hog market perspective and market highlights for the week as well as provides things to think about as we enter the new year.
The strong improvement in profitability, both in the nearby and into Q4, deserves an open mind and eye to opportunity, says Bauer. Of course, he warns of risk, but play your cards right, during this time of stabilized grain markets and hog and product value rallies, and new opportunities are certainly a possibility.
What's on the horizon for pork exports? What's happening in global trade and demand? Take a listen.
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com. Plan today for tomorrow’s success.
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Provimi, offers some hog market perspective and market highlights for the week as well as provides things to think about as we enter the new year.
Spring is ahead and we are so ready. Planting is on the horizon here in the Midwest and already underway in some area of the country. The weather forecast is even looking positive for farmers this spring.
Likewise, China has returned to the pork market as African swine fever continues to drive slaughter there. What’s ahead and what does it all mean for U.S. pork producers? Take a listen to find out.
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com. Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Provimi, offers some hog market perspective and market highlights for the week as well as provides things to think about as we enter the new year.
In typical years, the January-February period is like trudging through the forest looking for something to take hold of. This year, however, has been more like ascending to a summit peak. The current market is definitely a market on the move! Bauer explains.
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com. Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Provimi, offers some hog market perspective and market highlights for the week as well as provides things to think about as we enter the new year.
Let’s talk commodity cycles. Are we setting up for entry into a new commodity super cycle? Bauer gives us some thoughts to ponder. Lots to think, he says, as so many waves of change continue to converge.
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com. Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Provimi, offers some hog market perspective and market highlights for the week as well as provides things to think about as we enter the new year.
Does the Earth feel like it just may be tipping a bit? Well it just may be says Bauer because of a large migration happening on the opposite side of the world. Starting today and through the 17th of the month, the Chinese people are celebrating the year of the ox and it is historically when 1.4 billion people travel home and spend time with family. That also means news out of China will be at a stand still until everyone returns to work in a couple of weeks. For global markets that means essentially a standstill until the Chinese return to back to work. What might this mean for the hog industry? What too is going on with rogue virus strains of African swine fever in the Chinese market? Bauer shares his insight.
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com. Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Provimi, offers some hog market perspective and market highlights for the week as well as provides things to think about as we enter the new year.
As that iconic song goes: you have to know when to hold ‘em, know when to fold ‘em, know when to walk away and know when to run. Bauer explains there is a group of producers in China right now running away from the hand they have been dealt. Last week 17% of market hogs in China weighed in at about 198 lb. Normal weights have been 286 lb., which means they are leaving 88 lb. of opportunity on that train bound for nowhere. That’s a lost opportunity of $200 per pig.
An indication that the disease pressure in China is severe right now? Or perhaps pressure from the media’s disclosure of illegal vaccine use? Bauer provides his thoughts.
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com. Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this episode of Feedstuffs Precision Pork, Erin Holmes, Ph.D., swine nutritionist with Provimi, fills in for host Dave Bauer. She offers some hog market perspective and market highlights for the week as well as provides some tips on how to efficiently manage nutrition in the face of high feed costs.
The recent rally in ingredient prices continues to hold. Have we reached a point where prices have demanded acres for this spring? Holmes believes perhaps we have.
In South America, rains are hindering harvest and replanting of the next crop. At the same time, export demand for U.S. soy to Europe is on the rise.
In China, reports are that there were large purchases of ethanol and corn this week. This has fueled the market. This is the largest purchase of ethanol seen by China. What’s ahead? Holmes explains.
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com. Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Provimi, offers some hog market perspective and market highlights for the week as well as provides things to think about as we enter the new year.
What could China’s new testing protocols on imported cold-chain items mean for pork coming into that country? Bauer says among other things it certainly could slow down shipping and clearance times. Even though the World Health Organization does not support China’s claims of COVID on cold-processed items, China continues to test.
What about China’s sow herd? Bauer says it’s headed upward according to reports. Where is China at in it's rebuild? Bauer explains.
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com. Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Provimi, offers some hog market perspective and market highlights for the week as well as provides things to think about as we enter the new year.
Bauer starts with a word of caution. Specifically forecasts throughout this new year that compare to last year will be risky, he said, reminding all of the unusual events of 2020.
What does the world market for pork hold? Where is China in regard to a resurgence of ASF? Bauer explains.
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com. Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Provimi, offers some hog market perspective and market highlights for the week as well as provides things to think about as we enter the new year.
As we are coming out of the holiday disruption period and Columbus Junction comes back on board, the kill this week is estimated to reach 2.58 million head, which would be a new record if achieved. With plants now providing the COVID-19 vaccine to workers there is a renewed level of confidence shaping up. Kill levels will likely reflect that going forward.
How did we end 2020 in terms of kill and where are we at in terms of exports? Take a listen. Bauer explains.
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com. Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Provimi, offers some hog market perspective and market highlights for the week as well as provides things to think about as we prepare for a new year.
There still a large book of 2020 purchases to be shipped to China but those will likely be rolled into the new year rather than canceled, say Bauer. There was a speed bump on the slaughter side of things this past week as the Columbus Junction pork plant ran into some mechanical issues and diverted hogs to other plants. What has that done to slaughter numbers and what’s been the market impact? What will the upcoming holidays mean for weekly totals? Take a listen.
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com. Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Provimi, offers some hog market perspective and market highlights for the week as well as provides things to think about as we prepare for next week.
What’s ahead for the last couple weeks of the year for grains and hogs? Export reports give us little insight. What about profitability? What about China and its herd size? There seems to be several different thoughts about what China is up to.
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com. Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Provimi, offers some hog market perspective and market highlights for the week as well as provides things to think about as we prepare for next week.
Hog slaughter over the past five weeks has averaged 2.645 million head, down approximately 1.5% over the past couple of weeks, likely due to the Thanksgiving holiday.
Since the Sept. 1st survey of the hogs and pigs estimates, slaughter has run below the U.S. Department of Agriculture estimate, down about 0.05% from last year’s slaughter pace. Now over the next eight weeks and represented by the 50 to 119 lb. estimate from the report, slaughter will likely average 3.5% below last year, or an average of 2.5 million head per week. Taking out the Christmas and New Year holiday weeks, that average moves up to about 2.625 million head. Either way, Bauer said, we are also watching weights increase quickly over the past couple of weeks and we'll have plenty of hogs. The concern will now be can we continue to processing and clear that pork. New pork sales were up 66% last week to 31,300 metric tons, which is up 6% versus the four-week average. Mexico led with 13,000 metric tons of that, or 41%, with China following with 24%, or 7,400 metric tons. 2021 sales of 4,200 metric tons were led by China with 1,400 metric tons or 33% of that total. What’s ahead for future shipments? Bauer explains.
What too is ahead for profitability? Bauer explains.
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com. Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this special episode of Feedstuffs Precision Pork, we explore the benefits and risks associated with the use of corn distillers dried grains (DDGS) in pig diets.
Feedstuffs editor Sarah Muirhead talks with Erin Holmes, technical swine nutritionist with Provimi, and Don Giesting, micro nutrition innovation lead for Provimi, about the economics of feeding corn DDGS and what can be done to minimize the risk of mycotoxin contamination and its negative influence on performance and the bottom line. Take a listen.
Use this link to sign up for Provimi’s Mycotoxin Minutes: http://cloud.info.cargill.com/SignUp_For_Mycotoxin_Minutes
Follow Feedstuffs Precision Pork each week on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
It's the season for that time-honored tradition of getting out the turkey fryer. Although this year travel restrictions will likely reduce the group size at the table, Provimi senior market analyst David Bauer encourages you all to take time to prepare your own personal feast of celebration and maybe even to consider pork as an option. He’s just not sure how exactly that loin will cook up in the fryer.
The accumulated slaughter over the past five weeks has averaged 2.688 million head, according to Bauer. Over that period, the average weekday kill has been 485,760 head. The first four days this week averaged 491,500 head, but the three-week average for Friday has been just over 483,000 head. So, let's say we're able to reach 480,000 head Friday and right now Saturday is estimated at 279,000 head that would produce a 2.75 million head kill for the week. Unless USDA comes back with adjustments on Monday due to plant or labor issues, Bauer believes that should stick. Weights were up 1.5 lb. last week, as year-to-date slaughter remains 1% over last year with pork production 1.8% over last year. Bauer believes non-holiday weeks into yearend could remain either side of 2.7 million head per week, unless there are issues around plant or plant labor due to COVID concerns. New pork sales fell 22% from last week.
China has slowed down on new purchases and Bauer thinks we need to get used to that. Although year to date accumulated shipments and outstanding sales are currently 118% of last year, he said we won't see those kinds of numbers in 2021 as herd growth in China and a gradual increase in pork production is anticipated.
What’s ahead for profitability? Bauer explains.
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com. Plan today for tomorrow’s success.
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It seems we've learned just how little we know about the dynamics of what a global pandemic can do to our society and the supply chains that feed us and our world. As Dave Bauer, senior market analyst for Provimi points out in this episode of Feedstuffs Precision Pork, a recent series of interviews with five hog industry economists suggested optimism heading into 2021, but also they all asked the question of whether we, as an industry, learned enough about what happens when we can't process and distribute what we produce? Put another way, said Bauer, will producers realize increasing supply is not the answer to what's ahead in the next couple of years. As China regains its ability to supply its own pork as it did before African swine fever, it will need to import less pork. Today, some 25 to 30% of our pork exports go to China.
On the topic of forward profitability, Bauer is more concerned about what 2021 brings in the way of stronger feed costs and what that does to forward profitability than pork demand. What’s possibly ahead? Take a listen.
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com. Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
This week’s hog market brought an accumulated slaughter after the first four days that was the strongest opening for any week since the big kills back in March, according to Dave Bauer, senior market analyst with Provimi.
If this average is added to this Saturday's estimate of 272,000 head, this week's killed could land at 2.73 million head, 1.5% over last week and 1% over last year. In recent months, this week would be second only to the 2.73 million head over four weeks ago.
Bauer noted that if this kill holds up for the week, chain speed would now be just 1.5% below the stated weekly capacity of 2.767 million head. This is a great milestone for the packer and the efforts of management and the labor force should be applauded.
Net new pork sales this week were up 46% over last week and up 18% versus the four-week average. Mexico, once again led with 35% of the total followed by China at 24.5%. New 2021 sales of 800 metric tons suggest that maybe last week 7,000 metric ton sale may have been a blip on the map, but hopefully we can see bigger 2021 sales start to be commonplace, said Bauer.
What’s ahead for producer profit margins? What influence might the grain market have? Is $9.50 corn ahead? Bauer explains.
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com. Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
The weather this year has been out of the ordinary, to put it mildly. That means the potential for molds and mycotoxins this fall in places like Iowa and Nebraska is quite real. As a feed manufacturer or livestock producer, what do you need to know and be on the lookout for? Likewise, what can you do to manage the overall mycotoxin risk to your operation and your herd.
In this special episode of Feedstuffs Precision Pork, Feedstuffs editor Sarah Muirhead talks with Don Geisting and Matt Wolfe about these important topics. Geisting is micronutrition innovation lead and Wolfe is strategic account manager – swine. Both are with Provimi, a Cargill company. Take a listen.
Use this link to sign up for Provimi’s Mycotoxin Minutes: http://cloud.info.cargill.com/SignUp_For_Mycotoxin_Minutes
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This has been a week of strong kills, logging another day on Tuesday at 492,000 head. Packers continue to have high hopes each day, aiming for those 2.7 million head weekly kills. Still, there are some feelings that COVID fears may be creating concerns to labor again, says Dave Bauer, senior market analyst with Provimi. This latest resurgence of COVID cases in rural America, even though more in the non-processing community, doesn't keep plant workers from being concerned about being around crowds.
Over the past three Fridays, kills have averaged 487,000 head and approximately 260,000 head over the past three Saturdays. With those kinds of numbers this week, we would have a chance at 2.7 million head killed. That is, of course, if Thursdays 492,000 head estimate stands and isn't adjusted lower. Weekly runs of 2.7 million head seem to be getting harder to achieve, says Bauer.
Producer weights have plateaued over the past couple of weeks, around 214 lb. and packer weights have backed off a pound or so. There has been an abrupt correction to prices. Depending on how the cutout finishes, the week will dictate packer appetite for market hogs come Monday. Pork exports on Thursday, put net 2020 sales at 29,000 metric tons with 2021 new sales of 7,000 metric tons, for a combined 35,000 metric tons of new forward sales. Bauer says it been a great week, for sure, and all in the absence of China only taking 2,500 metric tons of pork. What can we expect from China in the near term? What’s ahead in terms of profitability for producers? Bauer gives his thoughts in this latest episode of Feedstuffs Precision Pork.
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com. Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
Pork packers this week passed another milestone by reaching a daily kill of 492,000 head on both Wednesday and Thursday. But it takes a big Saturday kill to make a run at a weekly number over 2.7 million head, says Dave Bauer, senior market analyst with Provimi, in this episode of Feedstuffs Precision Pork.
Although a couple of weeks ago, a 289,000 head kill on Saturday produced that 2.73 million head weekly run, Bauer notes that is difficult to sustain. As Steve Meyer said on this week’s Global Hog Industry Virtual Conference, if the packer runs his labor force too hard on Saturday, they aren't going to show up on Monday. So, the 96% capacity that the packers are pounding out each week might be close to the new normal.
The U.S. Department of Agriculture also released the September cold storage report this week, and instead of the three-year average of 2.5% growth in the August to September frozen pork supplies this year, we just saw a 0.25% increase. It would have been a 2% reduction, but USDA went back and revised downward the August inventory by 2.25% in the process. Speaking of revisions, USDA also revised August hams lower, but it wasn't due to fewer bone-in hams being processed. Bone-in hams were actually revised slightly higher, but the boneless hams were revised lower by 2.75%, suggesting potentially better rather than a lack of inventory.
Talk from Chinese officials that fourth quarter pork production will be up 30% over last year, just in time for their upcoming lunar new year holiday, may be something to keep an eye on.
What’s all this mean for profitability? Bauer explains.
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com. Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
Dave Bauer, senior market analyst for Provimi, offers his perspective on this week's hog market and recaps the week’s highlights. He also lists some of the things to think about as you prepare for the week ahead.
For the second week in a row, barring any unforeseen issues on Friday or Saturday, it will put together another solid six days of slaughter this week reaching near the 2.7 million head level. Once again, the first four days of the week of average an impressive 489,000 head, but to finish out the week, Friday's estimate sits at 482,000 head. Saturday's estimated run, however, started earlier in the week at 236,000 head and plans as a Friday morning have now ramped up to 261,000 landing, right at the 2.7 million head for the week, just 1.1% below last week's 2.73 million head. This is a respectable run and depending how you look at it can be 98% or 96% of normal.
This week's 2.7 million head kill will be 98% of the stated pre-COVID environment capacity of 2.767 million head, or roughly 96% of the postcode environment average intentions of 2.65 million head. So the 2.7 million estimate for this week reflects the packer pushing pretty hard and understandably so as there stated packer margins, if using the simple cutout minus CMI index projection, estimated $41 per head margin. This compares to the three-year average for this period of $26 per head. What’s ahead for producers in terms of margin and profitability? Bauer let’s us know.
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com. Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
Dave Bauer, senior market analyst for Provimi, offers his perspective on this week's hog market and recaps the week’s highlights. He also lists some of the things to think about as you prepare for the week ahead.
After the rally in prices over the past few months, it's not the time to relax. An opportunity has been provided for everyone from grain farmers to livestock feeders.
Hopefully as a hog producer, you've already got a great base of feed needs on the books. Now is the time to look at taking advantage of the pricing opportunities ahead that may in many respects have been gifted to producers after the past six months to a year of losses. Even if you think there are better days ahead, these are the times when prudent marketers take advantage of great opportunities. Bauer suggests being diligent in your marketing work and to make sure you're looking well out into 2021.
Weekly pork export sales are doing their part to maintain prices as total net sales set a new high watermark at 60,200 metric tons, a 52% week over week with China and Mexico leading the way with 48 and 27% of the total followed by the usual Canada, Japan and South Korea. What’s ahead? Bauer gives his thoughts on this episode of Feedstuffs Precision Pork.
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com. Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
Dave Bauer, senior market analyst for Provimi, is back with us to offer some market perspective and recap some pork industry and market highlights. He also lists some of the things to think about as we prepare for next week.
Germany continues to find new cases of African swine fever in wild boar in its Eastern state of Brandenburg. In China, people are crowding into buses, trains and even using air travel to visit family for the fall festival season. Port authorities there continue to search for any signs of COVID on imported packaging and work to keep track of COVID cases and plants that export fresh and prepared food items to them.
Slaughter plants in the U.S., even though they have been able to put together a few daily runs in the 485,000 head range, still have days where they fall 5,000 to 15,000 head short of a day's expectations. Recent data has bumped the daily kill capacity from 507,000 to 512,000 head but putting a full week together in this new post COVID environment is still full of challenges. Weekly kills of 2.6 million head seem to be the norm and run about 96% of pre COVID pace.
And then there's the quarterly grain stocks report that shocked everyone with its drop and available grain stocks for both corn and beans, providing another report that has everyone's scratching their heads.
So what do these things mean for hog producers? What does the margin profile look like? Bauer fills us in. Take a listen.
As Bauer points out, these are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com. Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
The U.S. Department of Agriculture’s quarterly hogs and pigs report has been a mainstay for the hog industry for decades. Right now, though, it has never seemed more confusing, according to Dave Bauer, senior market analyst for Provimi.
Per the inventory results this quarter, the number of hogs that are supposed to be showing up at slaughterhouses, 9.8% over last year, don't seem to be matching up with what's actually showing up. And yes, producers have performed what one analyst has called magic and erased as many as 1 million pigs from our memories. This is where the revisions that USDA typically applies to past quarterly reports could help to perform the magic of now syncing up the numbers with the reality of what's actually coming to slaughter. But to quickly summarize the report didn't reflect the kind of shrinking inventory that Bauer feels needs to be seen. He also doesn’t believe we can export our way out of this supply dilemma even though recent price rallies are betting we can.
What going on with African swine fever in Germany.
What's the word on forward profitability?
Take a listen as Bauer walks us through all that.
As Bauer points out, these are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com. Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
The autumn season is knocking on the door and officially gets started Sept. 22, just before the third quarter hogs and pigs report next Thursday.
In this segment of Feedstuffs Precision Pork, Provimi senior market analyst David Bauer tells us what to expect in that report, including a reduced breeding herd. As he points out, USDA’s weekly sow harvest continues to run strong and this has been the catalyst to discussions what this will mean for the sow herd come Sept. 24.
Bauer notes that the June report alerted us that fall farrowing intention decisions made through spring and summer when values were in the low, mid and upper $40 range, were to farrow 5% less this fall. Over the past several weeks conversations put estimates either side of 200,000 fewer sows than last year at this time. If that 200,000 drop were to happen, it would be down about a 100,000 sows, or 1.5% from last quarter. Many of these decisions were made during times of dismal futures and dismal financial the conditions, and although the conditions haven't changed, what will the recent rally and hog future values do to the sentiment as we come into the report? Take a listen. Bauer explains.
A quick note on African swine fever in Germany. It was reported that four wild boar carcasses were found and one live pig shot that all tested positive. The first case found was of a female wild boar, which is significant. Female typically run in groups consist of three to four females and all their piglets. The significance here is that the dead female likely had contact with several pigs, and that is of concern when realizing that ASF is spread through contact with other pigs. Males typically lead more isolated lives and present less of the spread risk.
On pork exports this week, net weekly sales were a very large 50,600 metric tons, 68% over last week and 41% over the four-week average. Per the chart, Bauer is calling it the third largest weekly sale this year. What’s the word on profitability? Bauer fills us in.
As Bauer points out, these are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com. Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
Hitting the side of the bin with a mallet to see how full it is? There just may be a better way.
In this special episode of Feedstuffs Precision Pork, Feedstuffs editor Sarah Muirhead talks with Joel Dekkers of Cargill Animal Nutrition’s digital business and George Slater of Belstra Milling Company in DeMotte, Ind., about bin monitoring technology. For pork producers and feed manufacturers, it is technology that can mean a savings in labor, increased animal performance and an improved bottom line. Take a listen and to find out how best to evaluate if bin monitoring technology is right for you operation and how to go about evaluating the various options.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com.
The news just can't get any more provocative, says Provimi senior economist David Bauer in this week’s episode. As he points out, it is a time of flocks of black swans - a human virus that has changed the global economy and how we live our daily lives, fires running through at least a dozen western states and we learned that derecho is just another name for a hurricane. But all of this pales to the historic significance of this fateful day in history from just 19 years ago when planes were hijacked and flown into the twin towers of the World Trade Center. We should never forget.
Pork exports saw 30,200 metric tons on a weekly basis this week, that was down 44% versus last week, but just 3% below the four-week average. Shipments were 33,600 metric tons, up 3% versus last week and the four-week average. Bauer circles back too to comment on the monthly exports from last week’s podcast for a bit more discussion there. What else is making the news this week? Bauer fills us in and takes a look at what’s ahead.
As Bauer points out, these are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com. Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
David Bauer, senior market analyst with Provimi says don't look now, but since the $47.87 low on July 31, October hog futures have rallied more than $11, or 25% in the past 24 sessions. Thursday's high of $59.40 is the highest high since May 5. Per his quote system, the 33,000 contracts traded on Thursday were a life-of-contract high volume trade.
In this episode of Feedstuffs Precision Pork, Bauer also talks trade and China. How do we correct a shortfall and purchases that made in a trade agreement? Well, we put on our buying shoes and get to work, he says.
Unfortunately, this week's U.S. monthly pork export report put July's pork sales to China at the lowest total for any month of 2020 thus far. But year to date, U.S. pork muscle cut exports to China of 261 metric tons over last year and 27% over that of 2018 year to date. The price of pork in China in the last week of August climbed to the highest price so far in 2020, yet was still 5% below the record in the last week of October in the fall of 2019. What’s ahead for China and trade overall? Bauer shares his thoughts.
As Bauer points out, these are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com. Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
These days there is an election being held every day on the trading floor, says senior market analyst David Bauer of Provimi. In this week’s episode of Feedstuffs Precision Pork, Bauer uses the recent post office situation as the perfect example of what he means by this. Many have been sowing the seeds that the U.S. postal service slowdowns were actual actions taken that have created dire problems. Others have said it was constructed election year propaganda aimed at selling a message in hopes of gaining emotional support for an agenda.
It is the same thing going on each day in our ag futures markets, says Bauer. In the grains industry, depending on whether you're a livestock feeder or a grain farmer and depending on the radio station or TV show that you listen to, the messages being sent by media outlets can easily play on the emotions of the audience. Knowing this, media looks to create the message that plays on that emotion. This is nothing new. But in times like these, Bauer cautions that such messages can easily get in the way of reality. The point to be made, he says is to is understand where information is coming from in these times of making risk management decisions. Realize that an election can be considered risk management.
When making production sales decisions and input purchase decisions, make sure you step back from the emotion, look at the entire picture and not get caught up in the contrived emotion of weather scares and crop conditions. Take the emotion out of it. It is late August and crops biologically die at this time of year. Has weather impacted crop condition, crop progress and yields? Absolutely. Are massive sales to China good? Absolutely. But remember it is China and we've been through these emotional runs before and they don't always end well, notes Bauer.
Situations like COVID, the hurricanes and others disaster in the past couple of weeks are doubling down the political pressures of bailouts and finger pointing. Bauer says he has heard it said that geopolitical risks can be more damaging than wars and embargoes. So, when making risk management decisions always step back and understand why you're making the decision in the first place and always ask yourself if your decision is based on emotion or is it in the best interest of your business? Are you being reactive or are you working to be proactive? Or put another way, are you being margin focused or market focused?
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com. Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
While crop damage and crop loss are real and impactful, the recent storm that rolled over the Midwest, particularly parts of Iowa, took an even far greater toll. The real story is with the people in those cities and areas hard hit. Seeing it first-hand on recent trip through the area, Provimi senior market analyst, David Baur provides his perspective in leading off this week’s episode of Feedstuffs Precision Pork.
In the hog world, Bauer believes sow herd reductions are going to reduce production in the last half of 2020. He notes there are signs of upside technical momentum on the charts.
The September hogs and pigs survey is being conducted and wraps up by Sept. 1. Market discussions now speak directly to the sow herd, summer pig crops and June's estimate for reduced fall farrowing, says Bauer.
Bauer believes this is all price positive. What's the word on forward profitability? He fills us in on that as well. Among other things, he says we are seeing more producers being able to reduce feed costs by bringing DDGs back into diets.
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com. Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
Today’s markets are dealing with many varied and unforeseen influences, says Dave Bauer, senior market analyst for Provimi.
For example, Bauer points out that back in the spring, when COVID was first unfolding, the fear of the unknown put the weekly average cutout price in a three-week tailspin, down 32%. Then as hoarding became a thing, there came a 115% rally in just five weeks. Over the next seven weeks when people stopped hoarding toilet paper and meat long enough to realize how unwarranted their actions had been, the cutout fell to a secondary low. Current trends, as we know them, definitely for 2020, provide no predictive value when it comes to predicting what’s ahead. In fact, Bauer says as you're comparing to prior years, don't use 2020 as part of an average. This is similar to when we would leave 2014 out of an average because it was such an outlier.
Speaking of trends, weekly pork exports this past week are starting to reflect a trend, but it's not a favorable trend, says Bauer. Net pork sales on Thursday, were only 10,500 metric tons, down 66% from last week and down 70% versus the four-week average. Mexico took 84% of that total. The biggest concern of this trend that's building, he notes, is the lack of China purchases over the past couple of weeks. In this episode, Bauer explains what’s behind all of that.
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com. Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
The U.S. slaughter industry is centuries old and has taken decades to get where it is today. Still, claims against the industry over the past year have some questioning whether it should be dismantled.
In this episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Provimi, provides his perspective on the slaughter sector and why he believe during the time of crisis, like the industry has been in, is not when such ideas should be put in motion.
So maybe it's not time to destroy the house they built just yet, but rather figure out how it can be more efficient and effective, says Bauer.
As an industry he noted, we've come to rely just as heavily, perhaps even more so on the U.S. Department of Agriculture’s weekly pork exports. Bauer raise the discussion point of who has controlled that in the past year. Yep, China.
That said, China's rate of importing commodities is slowing as the global COVID resurgence has led China to impose greater limitations on import testing. So what’s the market look like and what’s ahead, Bauer walks us through his thinking. In doing so, he notes that the U.S. cannot rely on exports alone to get it out of the current supply issue. Disrupting plants won't work either. Nobody wants to hear it, but the solution would be to reduce production, says Bauer.
And what's the word on forward profitability? Well, strong pork export trends through July translated into strength in cash hogs, pork products and futures contracts, providing measurable improvement in margin. But again, to be clear, Bauer points out that those price improvements merely helped to reduce losses, not put producers in the black,
The most positive note, he said, is that weights have now fallen to 208 to 210 lb. per carcass. What does that all mean? Take a listen.
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com. Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
The COVID quarter, one of the worst quarters in global history, ends today and initial ideas are that second quarter GDP is estimated to have fallen by 32.9%, according to Provimi market analyst Dave Bauer. The U.S. also had the largest one-day sale of corn ever this past week to China at 1.9 metric tons, or approximately 76 million bushel. Pork exports sales this week were just under 40,000 metric tons, up 24% over last week and up 12% versus the four-week average. Of course, China led those purchases with 45% of the total, followed by Mexico, taking 40%. For the first time in a few weeks, actual shipments did slow down 12% versus last week and 3% below the prior four-week average, but still a strong number of 31,500 metric tons.
On the topic of slaughter plants, it was a tough start to the week. Mechanical and labor issues reduce the estimated kill by 22,000 head on Monday. But the rest of this week found its stride and the estimate for a 2.5 plus million head kill is again expected. Kill floors are maintaining a weekly run of roughly 93% of capacity, but now processing floors need to get out of the mid to upper 80% range and up to match the kill floor run rates. The challenge to get employees back to work are real and plants are doing all they can to create safe work environments.
And what's the word on forward profitability? Take a listen.
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com. Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this week’s episode of Feedstuffs Precision Pork, Dave Bauer, senior market analyst for Provimi, recaps some pork industry and market highlights for the week and lists some of the things to think about as we prepare for next week.
This has been a good week with hog market trends again finding some solid traction, and that traction has provided a bit of a tailwind, says Bauer. He believes the market has some momentum to look forward to in the next week.
In the markets this week, USDA’s weekly new pork sales were reported at 31,800 metric tons, down 17% versus last week and down 4% versus the four-week average. These sales fell short of expectations. As based on the strength seen in hams over the past several days, Bauer says expectations were not for this 17% drop.
Still, Bauer says not to worry. Think of it this way. This just means that even though we didn't see the big ham sales for export, we've obviously had some strong domestic demand to drive hams higher.
This could be one of the best weeks we've seen for price strength in a long time, and what does this all translates into on the topic of forward profitability? Bauer says when he plugs the $2.25/cwt. CME index gains into the big flash model, this has improved nearby profitability by $4.50 cents/head. Yes, this still generates losses of $20 to $40 per head, depending on the market are producers connected to, but in these challenging times, reducing loss, this is a welcome site, he says.
Bauer notes that this improvement is a direct result of the pickup in demand and is reflected in the bull spreads. As long as this nearby demand driven strength continues, he believes we can continue to improve the forward outlook. Still this isn't without some very large challenges ahead. Even with those challenges, Bauer remains optimistic about what’s ahead. Take a listen.
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com. Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
Hog plants have put together a second week in a row of kills over 2.5 million head, hanging around that 92% of capacity level, while processing utilization follows in the mid 80% range. Cash hog and pork product trends have stabilized and hog futures have made a respectable stand and at the very least have created a short-term technical bottom through a 13-session, 13% rally off recent lows, according to Dave Bauer, market analyst with Provimi.
In this episode, he notes that USDA pork exports sales of 38,500 metric tons were up 22% versus last week, and up 16% versus the four-week average. Mexico led the purchase party with 10,100 metric tons, or 26%, followed by China with 8,000 metric tons, or 21% of the total. China led weekly shipments category taking 42%, or 12,300 metric tons of the total 29,300 metric tons shipped.
Just as the county fair goes hand in hand with hot summer days, weather watching and pollination season are coming fast. So even with daily export sales of corn to China reaching record levels, a moderating weather pattern and timely rains have dampened the recent 12% rally in corn and 8% rally in beans. But don't worry, the weather can change quickly, says Bauer.
On the topic of forward profitability, anytime we see values improve, as we have this past week, it helps to improve the forward outlook. However, in these challenging times, maybe the best producers can hope for in the short term is to talk about focusing on reducing losses rather than receiving profits. When we see the bull spreads take hold like they have this week where the lead contract August hogs is now premium to the second contract October by a $1.50 to a $1.80, this is a good sign. Still, Bauer believe the journey to profitability will be long, and we have a backlog of market ready hogs to get through before we can think about positive returns.
“The one encouraging thing that I've heard this week is that there are some small signs of slowing down production that I'm starting to see along the way. Don't misunderstand we will still have strong numbers and need to see slaughter and processing run at full capacity, whatever that is. But if we have started reducing placements, even just slightly over time, this will offer some needed relief on fall inventories. These are simply some early signs and not to be construed as bullish this time,” says Bauer.
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com. Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
We start this week with a message of unity and urging to stay strong, America. We will get through these challenging times, says Feedstuffs Precision Pork host and Provimi market analyst Dave Bauer.
In the news this week, the U.S. Department of Agriculture released its monthly export report. Bauer walks us through that and what it all means.
Also addressed are daily slaughter rates, which have reached as much as 92% of capacity, resulting in a couple of weeks of 2.59 million and 2.62 5 million head kills. Bauer explains that packer run rates are no longer the headline story. Yes, they are still key, but the focus now turns to processing and food service capacity. “It's now their turn to drive supply chain recovery, and the resulting demand will drive price recovery,” says Bauer.
Slaughter may be back at 92% of daily capacity but it has been at a cost to product values. The supply chain is like a multidimensional puzzle and run rates are but one dimension of that puzzle, says Bauer.
On the topic of profitability, the forward curve is holding value and on Thursday even made some technical moves higher. It still is dependent on when we can reduce the backlog of market animals created by disrupted supply chain per USDA, says Bauer.
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com. Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
Thursday kicked off with net pork sales of 24,100 metric tons down 38% versus last week and up 3% versus the four-week average. Mexico, again led with 8,100 metric tons, or 33% of the total, followed by China with 4,500 metric tons, or 19%. Dave Bauer, market analyst with Provimi, leads off this episode of Feedstuffs Precision Pork with a look at the week’s sales activity. As he does, each week, Bauer recaps some pork industry and market highlights and lists some of the things to think about for next week.
Thursday also brought the U.S. Department of Agriculture quarterly hogs and pigs report. Leading up to the report comments were suggesting this was one of the most anticipated reports in years, but after seeing the report, Bauer says he was a little disappointed in the results. He explains why.
Finally, China has some new COVID-19 restrictions on imports that are getting some attention and causing some concern. Take a listen to find out more.
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com. Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
Welcome to this special episode of Feedstuffs Precision Pork where we explore heat stress and what can be done to minimize its impact on sows and grow-finish pigs.
With summer comes warmer temperatures and humidity, and that can be troublesome for pigs. We talk with Brent Frederick and Erin Ehinger of Provimi to get their insight on ways to minimize the effects of heat stress.
Rather than "just having to live with it," these experts walk us through how management and even nutritional interventions can be used to mitigate performance losses.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com. Each week we bring you Provimi's David Bauer for an indepth look at the current hog market and what's in store for the coming week. Then once a month, in these special reports, we take a deep dive into issues of importance to herd health and management.
In addition to what’s ahead for the hog industry, Dave Bauer, market analyst for Provimi, takes a look back over the past couple of years. It has been a time when the world's largest producer and consumer of pork lost over half of its swine herd to a novel animal disease and when global trade flows were disrupted as two of the world's largest economies battled for high ground in a high stakes trade war. On top of it all came a global pandemic, challenging normalcy in all aspects of our lives.
The fallout from just one of these events would be enough to disrupt the global economy for months or even years, but we've taken the impact from all of it full on. Bauer talks about why and how we will come out on the other side stronger than we went in.
As Bauer points out, although it's not easy to look past all the negatives, there are positives happening. Like through all this, China has increased its 2020 year-to-date combined imports of U.S. pork muscle cuts and pork variety meats by 327% over last year. The top 10 destinations for pork and pork variety meat exports have increased by 44% over last year and total pork exports to all destinations have increased by 38% in the first six months of the year. This type of demand is testament that North American pork remains the safest and highest quality in the world.
Still, even with these great trade numbers, the industry has been thrown into a tailspin and profitability. Bauer talks about why that is and what can be expected in the days ahead.
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com. Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this episode, Dave Bauer, market analyst with Provimi, takes a deep dive into the U.S. Department of Agriculture’s recent WASDE report that showed total new crop ending stocks at 3.3 billion bushels.
In terms of pork supply, USDA has added 1.2% to pork production and increased per capita pork consumption by 1.4% for the year. USDA also released export sales, putting total pork sales at 17,200 metric tons, down 100 metric tons from last week and up 60% versus the average of the past four weeks.
Bauer also talks about who is doing what buying and notes how there’s been a lot of rhetoric about China reducing U.S. commodity purchases, but yet their actions aren’t really proving that to be the case. Recovery from the impacts of COVID-19 seem to be happening quicker than expected, and that’s a good thing for the hog sector, says Bauer.
What’s head for the market? Take a listen to find out.
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com. Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
This is the second year in a row that the hog industry has not gathered in Des Moines, Iowa, for everything pork. Some are certainly wondering what's the next thing that can possibly be thrown into this flock of black swans? That said, Dave Bauer, market analyst with Provimi, reports that this week is quite possibly a turning point in the pig business with much success being seen at the packer level. The industry is now approaching the 85-90% slaughter levels of pre-COVID capacity. This rise in run rates has been better than many expected and will eat through the surplus of market-ready hogs that has been building for weeks. The industry, he says, appears to be reaching a historic point that had been predicted for weeks, if not months, into the future. At the same time, it is no secret pigs are being euthanized to help reduce this surplus. In this episode, Bauer walks us through a couple of scenarios related to head kill and what they might mean to the backlog of hogs.
Bauer further explains that the measure of profitability, or the lack of, only becomes a factor if hogs get slaughtered. The range of returns for producers is still easily $50 per head, depending on the plant a producer can get their hogs into and the market that those hogs are being priced on.
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com. Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
It's been a busy few days since the last Feedstuffs Precision Pork podcast, starting with the gateway holiday to summer last weekend that highlighted a mixture of reopening of parks, communities and lakes across the country, waving American flags, World War II flyovers and a chance at history with the Falcon Nine launch that ended up being canceled due to bad weather. Also, throughout the week, China caught the headlines with an early week purchase of soybeans and a midweek purchase of U.S. corn, but was the move by China mostly PR motivated? Dave Bauer, market analyst for Provimi, gives his thoughts.
The events in Hong Kong this week and fear of mounting tensions between the U.S. and China continued to create doubt and volatility in U.S. price trends. Although there was some really positive news this week, there have been challenges as well, creating larger problems in the way of downside pressures on both futures and domestic cash markets. We take a look at what that may mean.
On the hog side, even with chain speeds ramping up, the growing backlog of hogs will take months to work through and cash and futures trends are reflecting this. The measure of profitability, or the lack of, only comes if you can get hogs slaughtered. Yes, the daily harvest is growing but the range in returns for producers is varied depending on plant and the market those hogs are being priced on. What should we be thinking about for next week?
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com. Plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com
In this week's episode of Feedstuffs Precision Pork, market analyst Dave Bauer of Provimi, recaps some pork industry and market highlights and lists some of the things to think about in preparation for next week.
Memorial Day Weekend. It is when summer officially kicks off. Thank you to all of those fallen soldiers ahead of us. To all current veterans, active service men and women and healthcare workers and first responders, all the best. To everyone else, be safe and eat gobs of pork this weekend.
The U.S. Department of Agriculture released its monthly cold storage report May 21. Over the past three years, there has typically been an average 4.5% built in the April over March inventory. Inventory supply chain disruption at the plant production level has simply restricted inventory from building at a time when both domestic and export drivers are competing for those limited supplies. This is adding an interesting twist to the market, according to Bauer.
Weekly pork exports took an alternative tone this past week as net pork sales were actually negative, reflecting a drop of 5,800 metric tons. This is what happens when the U.S. wholesale pork market adds 112% in value over four weeks. The run from $53 to $115/cwt. really changed the dynamic of trade and in this week's report, all the major players had cancellations listed in their net sales and shipments. Bauer explains what to expect in the coming week in terms of buying.
Daily harvest is growing and now running at about 80% of pre-code levels, but, as Bauer explains, the range in profitability is still $50 to $75 a head. What should you be thinking about for next week? Take a listen and get the scoop here.
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week's recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com . Thanks for listening and make sure you plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com.
In this week's episode of Feedstuffs Precision Pork, market analyst Dave Bauer of Provimi, recaps some pork industry and market highlights and lists some of the things to think about in preparation for next week.
As Bauer explains, these days are filled with headlines and statistics that boggle the mind. We've gone from record employment to record unemployment in three months. In fact, the eating and drinking industry has lost more than three decades of jobs in the last two months.
Speaking of the value put on employees that feed the needs of this consumer-driven society, Bauer says we all have come to realize just how important those employees are that keep chain lines running in the nation's packing plants. Although many of the pictures out there are likely used more for shock and awe, a day doesn't pass without seeing pictures of empty meat shelves.
Pork packing plants are making great strides and what appear to be the right moves to ensure worker safety and confidence in the plant environment. With early estimates for a 239,000 head Saturday, kill weekly harvest is projected over 2 million head for the first time in five weeks. This would be a 17% increase over last week. But even with these gains in slaughter, the backlog of hogs is still growing based on the simple calculation of the difference in actual harvest versus that which was estimated in the March hogs and pigs report.
Take a listen to find out what Bauer thinks lies ahead. What should you be thinking about for next week? We’ll explore that as well.
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week's recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com. Thanks for listening and make sure you plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com.
Welcome to this special episode of Feedstuffs Precision Pork where we explore intestinal immunity and why it matters in pork nutrition.
It's no secret that pigs with heavier weaning weights transition and perform better later in production. With performance being a major factor in leaving profitability on the table, the economic implications of keeping pigs growing and healthy during the weaning transition makes intestinal immunity a top priority. Restricting the amount of protein entering the hindgut and not being digested early on in the process can aid in preventing stool issues and other immunity challenges.
This relationship between increased fermentable protein (FP), which is the undigested protein that makes it to the hindgut, and gut disturbances, like post-weaning diarrhea, is widely known throughout the pork industry. However, being able to measure and balance diets to this phenomenon has been mostly left to intuition and balancing for crude protein.
What if there was a more accurate and easier way to apply this knowledge to diets on commercial operations? With this in mind, we talk with Mark Newcomb and Dr. Jim Jolliff of Provimi to gain some insights into this topic.
For an even deeper dive in the supporting research check out this article .
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These are difficult times for plant operators as they try their best to guess what numbers they might hit for a day. They are often finding themselves starting their day not knowing what kill numbers will look like and, for that matter, if enough workers will even show up to run their line, says Provimi market analyst Dave Bauer.
The run rates for this past week, and through this past Monday, started off down 9% from the previous Monday. Tuesday was up 7%, Wednesday up slightly over a 17% and Thursday was up 12.5%. With some other capacity estimated to come online Friday and Saturday, Bauer estimates this week’s kill would be a 15% increase over last week and a large step in the right direction for pork exports.
In this episode, we also take a look at this week’s double whammy for pork weekly exports. Weekly net exports of 47,500 metric tons fell 6% below that of last week and 1% below the four-week average. China's 40,200 metric tons was 85% of that total. What about the cutout? Bauer explains that as well.
Estimated returns for today's market hogs based on returns to the CMI index sit around a $10 to $15 per head loss if producers can get them killed. Average profitability over the next 12 months has now risen to a loss of $10 per head, which is a great improvement from the monthly per head losses of $35 per head seen just a few weeks ago.
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week's recap or want to discuss something not covered, feel free to ASK DAVE at David_Bauer@cargill.com. Thanks for listening and make sure you plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com.
We are watching and living yet another week of history being created as there's not just one industry being impacted by this growing economy, but we're seeing and living through changes in all aspects of business and all production industries. Also, changing is how we live as families, the way our kids go to school and more. These are all things that Provimi market analyst Dave Bauer explains in this week’s episode will likely be forever changed, including the ways we shop for prepare and consumer meals.
“The old cliche that one day we'll tell our grandchildren about this time has never been more true, and I also believe on the backside of this adversity, our grandkids will have a great new world to thrive in,” says Bauer.
On the hog side of things, the headlines have been changing by the hour regarding slaughter plant closings and re-openings. Bauer explains the best way to gauge the current situation is not through these closing but rather to look at actual slaughter numbers. He digs into that for us.
Likewise, pork exports continued their historic pace, which has helped the domestic market considerably. Bauer says hog industry leaders and allied professionals are doing a great job of working collectively through these difficult times and he explains why he believes a corner may have been turned this week.
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week's recap or want to discuss something not covered, feel free to ASK DAVE at Dave_Bauer@cargill.com. Thanks for listening and make sure you plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com.
In today’s episode, Provimi market analyst Dave Bauer explores this month’s cold storage report and weekly pork exports. While the U.S. Department of Agriculture brought us two reports this week that futures have now interpreted as positive price, all prices didn't reflect strong gains as producer prices were only up in a range of 1% to 5%.
Strength in the pork cutout, Bauer says, is due to reduce chain speeds of roughly 25% to 30%. The resulting tightness in the pork output has increased competition for available pork supplies. Because these delays at the plant level have come just recently, the drawdown in March frozen supplies is simply strong exports and not likely supplies being pulled out of storage for current production decreases. At least, not just yet. What’s ahead for future and nearby profitability, Bauer explain. As, he notes, it takes a long time to turn an aircraft carrier.
These are uncertain times and it will pay dividends to be well prepared. Provimi strives to provide the information you need to run a more precise pork system. If you have questions on this week's recap or want to discuss something I didn't cover, reach out and ASK DAVE at Dave_Bauer@cargill.com. Thanks for listening and make sure you plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com.
In this week’s market recap, podcast host and Provimi market analyst Dave Bauer discusses pork exports for the week and talks about the rare two-headed black Swan - the first head being that of our consumer-led economy being sheltered from eating out and second being that of the domestic supply chain being backlogged by kinks in logistics and packaging. If not for record setting, U.S. pork exports, one could estimate current cash prices for hogs to be yet another $5 or $10/cwt., or even more, below today's prices.
“I'll remind everyone that there is plenty of meat and food out there to refill store shelves and in an effort to help rectify some of the supply chain issues, USDA did announce this week that it will ease labeling requirements covering fresh and frozen produce, meat, fish and certain nuts aligned for products that have been packaged for food service operators to now be diverted to retail outlets,” Bauer notes. This effort will start on Monday, April 20th, and it's to run for approximately 60 days. Ag secretary Sonny Perdue also announced plans this week to buy milk and meat from U.S. farmers as part of an initial relief package designed to help offset some of the impacts being felt at the farm level.
On the topic of forward profitability, Baurer advises not to make too many long-term decisions based on today's forward curve. Over the next 30 days or so, we could see drastic changes to current pricing structures, and although there will still be difficult weeks ahead, we'll likely be working through the toughest parts in the next few weeks.
And what should we be thinking about for next week? Bauer says packer warnings for producers to be ready to slow down performance due to COVID-19 creating slowdowns or even closures at the plant level are now upon us and efforts to reduce weight to market have begun in earnest. Bauer is advising that you focus on creating better production efficiency in your system, lean on your suppliers for help and finding ways to reduce tonnage to the market and be diligent in creating your team for success. These are unusual times and it will pay dividends to be well prepared.
Feedstuffs Precision Pork is about giving you the information you need to run a more precise pork system. If you have questions on this week's recap or want to discuss something in more depth, just ASK DAVE.
Thanks for following and, as always, make sure you plan today for tomorrow’s success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com.
In this week’s episode, Dave Bauer, market analyst for Provimi, recaps some pork industry and market highlights as well as shares some things to think about going into the new week.
On Thursday, the U.S. Department of Agriculture released its weekly pork exports report showing a marketing year high totaling 55,900 metric tons. China again was the biggest buyer purchasing 71% of the total and its highest weekly bookings for the year. The real sauce to the weekly report was that weekly shipments were again strong at 39,200 metric tons, down 2.5% from year ago. China was again responsible for over 40% of those shipments. Bauer discusses what this means.
He also looks at cash trends that supported futures a week ago but have fallen hard this week, putting a lid on the rally in June hog futures at 44% of the $30/cwt. drop of the past three weeks. As Bauer explains this is largely due to the backlog of pork that has occurred with the closing in the foodservice sector. Take a listen to find out where prices and the demand situation are headed.
What should we be thinking about for next week? Bauer says it may well be a slowing of the production chain that could translate into a slowing of late phase performance in on-farm finishing units.
Stay tune. These are unusual times and it will pay dividends to be well prepared, which is what Feedstuffs Precision Pork is all about, giving you the information you need to run a more precise pork system.
For questions on this week's recap or to discuss other market questions, just ASK DAVE.
As always: Plan today for tomorrow's success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com.
U.S. Department of Agriculture plantings and ending stocks estimates were released this past week and because this was a survey taken in the first weeks of March, and the world has changed drastically since then, Bauer notes that it's widely accepted that we'll need more time to fully grasp just what farmers will load into their planners in the weeks to follow. Quarterly grain stocks were a non-event for beans and wheat and slightly supportive of corn by number, but if we consider that last year we lost approximately 13 million acres to floods, late planning and an early winter and as of this report, at least farmers have shared the intent to bring back all those 13 million acres and a smidge more at roughly 14 million acres.
Pork exports were released on Thursday with total net sales of 38.2 million metric tons down 1% from last week and up 88% over last year. China again represents about 50% of those sales with some of the new sales represented by initial Chinese importers participating on the approved tariff waiver program. What’s this done to prices, Bauer explains.
As always: Plan today for tomorrow's success.
For questions on this week's recap or to discuss other market questions, just ASK DAVE.
As always: Plan today for tomorrow's success.
Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on www.Feedstuffs.com and www.NationalHogFarmer.com.
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