FEEDSTUFFS PRECISION PORK Market Report – September 25

The U.S. Department of Agriculture’s quarterly hogs and pigs
report has been a mainstay for the hog industry for decades.
Right now, though, it has never seemed more confusing, according
to Dave Bauer, senior market analyst for Provimi. 

Per the inventory results this quarter, the number of hogs that
are supposed to be showing up at slaughterhouses, 9.8% over last
year, don't seem to be matching up with what's actually showing
up. And yes, producers have performed what one analyst has called
magic and erased as many as 1 million pigs from our memories.
This is where the revisions that USDA typically applies to past
quarterly reports could help to perform the magic of now syncing
up the numbers with the reality of what's actually coming to
slaughter. But to quickly summarize the report didn't reflect the
kind of shrinking inventory that Bauer feels needs to be seen. He
also doesn’t believe we can export our way out of this supply
dilemma even though recent price rallies are betting we can.


What going on with African swine fever in Germany.

What's the word on forward profitability? 

Take a listen as Bauer walks us through all that. 

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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