FEEDSTUFFS PRECISION PORK Market Report - April 24

In today’s episode, Provimi market analyst Dave Bauer explores
this month’s cold storage report and weekly pork exports. While
the U.S. Department of Agriculture brought us two reports this
week that futures have now interpreted as positive price, all
prices didn't reflect strong gains as producer prices were only
up in a range of 1% to 5%. 


Strength in the pork cutout, Bauer says, is due to reduce chain
speeds of roughly 25% to 30%. The resulting tightness in the pork
output has increased competition for available pork supplies.
Because these delays at the plant level have come just recently,
the drawdown in March frozen supplies is simply strong exports
and not likely supplies being pulled out of storage for current
production decreases. At least, not just yet. What’s ahead for
future and nearby profitability, Bauer explain. As, he notes, it
takes a long time to turn an aircraft carrier.

These are uncertain times and it will pay dividends to be well
prepared. Provimi strives to provide the information you need to
run a more precise pork system. If you have questions on this
week's recap or want to discuss something I didn't cover, reach
out and ASK DAVE at Dave_Bauer@cargill.com. Thanks for listening
and make sure you plan today for tomorrow’s success.

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www.NationalHogFarmer.com.