FEEDSTUFFS PRECISION PORK Market Report – June 12

In this episode, Dave Bauer, market analyst with Provimi, takes a
deep dive into the U.S. Department of Agriculture’s recent WASDE
report that showed total new crop ending stocks at 3.3 billion
bushels.

In terms of pork supply, USDA has added 1.2% to pork production
and increased per capita pork consumption by 1.4% for the year.
USDA also released export sales, putting total pork sales at
17,200 metric tons, down 100 metric tons from last week and up
60% versus the average of the past four weeks. 

Bauer also talks about who is doing what buying and notes how
there’s been a lot of rhetoric about China reducing U.S.
commodity purchases, but yet their actions aren’t really proving
that to be the case. Recovery from the impacts of COVID-19 seem
to be happening quicker than expected, and that’s a good thing
for the hog sector, says Bauer.

What’s head for the market? Take a listen to find
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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