FEEDSTUFFS PRECISION PORK Market Report – October 2

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.


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