US pig slaughter figures are dropping
Pig meat production in the US has dropped 9% y-o-y in the month of July, when slaughter figures have been going down for four weeks in a row, according to a market report from Genesus. "This past week US slaughter numbers came in 210,000 head less than a year ago. The fourth week in a row that US slaughter has been considerably lower year over year. This past week, down 9% year over year, in the month of July down close to the 9%.
The USDA projected in the Hogs and Pigs Report an increase of 2% year over year in the 180 lb. plus and 120 lb. plus categories. Hog weights have not increased in July staying in the 278 lb. liveweight range. Appears to us USDA June 1 Hogs and Pigs Report has overstated inventory which of course has hurt prices for producers," commented Jim Long, President-CEO, Genesus Inc. The situation may be explained by a slow down in shipments to China, a country that has seen a liquidation in the national inventory due to ASF fears and a drop of 68% in pork prices in the last 6 months
On the other hand, old sows are currently getting the biggest price seen in a year or so, about $2/kg liveweight. "Big Sows 90? lb. Never been a better time to sell old sows and buy some gilts and have money left over," added Mr. Long
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