FEEDSTUFFS PRECISION PORK Market Report – October 9

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.


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