PALATINE, Ill. (RFD News) — Analysts are closely watching supply and price trends in the hog market heading into the summer months.
Allendale, Inc. Chief Strategist Rich Nelson says the expected seasonal decline in hog production is already underway.
“We’ve been pointing out that the seasonal drop in production has happened,” he said. “So far, no real change in cash hog prices, a slight increase for cash pork. Still, overall, though, quite a disappointing story. Seasonal drop in supply is happening on target, but the price reaction is not happening on target, though.”
The next USDA Quarterly Hogs and Pigs Report is scheduled for release on June 25.
Traders will be watching for updated inventory numbers and any signs of changes in production trends.
As cattle producers continue to navigate labor constraints and rising production demands, innovation in handling systems will remain a key driver of the industry’s long-term efficiency and safety goals.
Steven McBee Jr. of McBee Farm & Cattle Company joins us to discuss the family farm crisis, producer mental health, cattle industry challenges, farmland preservation, and the role of agriculture in popular media.
Suzanne Fanning with Dairy Farmers of Wisconsin joined us to discuss the “Born to Dairy” campaign, dairy promotion efforts in Wisconsin, and the economic role of the state’s dairy industry during National Dairy Month.
The Pennsylvania Dairymen’s Association joins us to share their “Milkshakes on the Moo-ve” campaign and statewide dairy outreach during National Dairy Month.
South Texas ranchers and vets warn that labor pressures will make monitoring for New World screwworm difficult across large cattle operations.
Officials say the FDA-approved generic drug kills most screwworm larvae within hours of administration. The medication is available in two dosage strengths and is administered based on an animal’s weight.
