FEEDSTUFFS PRECISION PORK Market Report – June 26

Thursday kicked off with net pork sales of 24,100 metric tons
down 38% versus last week and up 3% versus the four-week average.
Mexico, again led with 8,100 metric tons, or 33% of the total,
followed by China with 4,500 metric tons, or 19%. Dave Bauer,
market analyst with Provimi, leads off this episode of Feedstuffs
Precision Pork with a look at the week’s sales activity. As he
does, each week, Bauer recaps some pork industry and market
highlights and lists some of the things to think about for next
week. 

Thursday also brought the U.S. Department of Agriculture
quarterly hogs and pigs report. Leading up to the report comments
were suggesting this was one of the most anticipated reports in
years, but after seeing the report, Bauer says he was a little
disappointed in the results. He explains why. 

Finally, China has some new COVID-19 restrictions on imports that
are getting some attention and causing some concern. Take a
listen to find out more.

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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