FEEDSTUFFS PRECISION PORK Market Report – August 21

While crop damage and crop loss are real and impactful, the
recent storm that rolled over the Midwest, particularly parts of
Iowa, took an even far greater toll. The real story is with the
people in those cities and areas hard hit. Seeing it first-hand
on recent trip through the area, Provimi senior market analyst,
David Baur provides his perspective in leading off this week’s
episode of Feedstuffs Precision Pork.


In the hog world, Bauer believes sow herd reductions are going to
reduce production in the last half of 2020. He notes there are
signs of upside technical momentum on the charts.

The September hogs and pigs survey is being conducted and wraps
up by Sept. 1. Market discussions now speak directly to the sow
herd, summer pig crops and June's estimate for reduced fall
farrowing, says Bauer.


Bauer believes this is all price positive. What's the word on
forward profitability? He fills us in on that as well. Among
other things, he says we are seeing more producers being able to
reduce feed costs by bringing DDGs back into diets. 

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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