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pork bellies

cattle prices decline on signs of slack u.s. beef demand

cattle prices fell on signs of slack demand for beef. hog futures also declined.

wholesale beef fell yesterday to a three-week low, and meatpackers processed 256,000 cattle in the first two days of this week, down 0.4 percent from a year earlier, u.s. department of agriculture data show. processors are losing $45 a head, mark schultz, the chief analyst at northstar commodity investment co. in minneapolis, said in a telephone interview.

“demand is still weak,” dick quiter, an account executive at mcfarland commodities llc in chicago, said in a telephone interview. “it’s kind of a snowballing situation. cattle numbers are down, but demand is down proportionally, and packers are losing money. that adds up to a lower market.”

china pork imports rising

china's pork imports are expected to rise 8% to 480,000 metric tons in 2012, despite a forecast rebound in domestic production of the meat, the u.s. department of agriculture's beijing attache.

pork rally fails to spur u.s. hog-farm expansion as feed costs curb profit

u.s. hog producers may be reducing breeding herds because of high feed costs, signaling a continuing rally in pork prices that are already forecast to climb more than any other food this year.

about 5.745 million sows were being held back for breeding as of march 1, down 0.3 percent from 5.76 million a year earlier, according to a bloomberg news survey of 10 analysts. that would be 0.6 percent less than three months earlier. the u.s. department of agriculture will release its quarterly estimate of hog inventories at 3 p.m. today in washington.

meats-w2w

  • USDA Weekly Slaughter Rates
  • USDA World Agricultural Supply and Demand Estimates
  • USDA Agricultural Long-Term Projections to 2020
  • Feed Costs and Grain Prices (especially corn)
  • CFTC Commitment of Traders Report
  • Crop Calendar
  • Weather Crop Summary (every Tuesday @ noon)
  • Dollar Valuation
  • International Imports and Exports
  • Canadian Imports and Export Reports
  • Department of Commerce Rulings
  • Government Subsidies, Programs and Loan Rates
  • Live Stock Disease Spread and Containment
  • Inflation and Deflation Debate
  • Food Prices
  • Agricultural Labor Affairs
  • International Trade Association Policies
  • US Meat Export Federation Forecast
  • Hedge Fund  Participation

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