FEEDSTUFFS PRECISION PORK Market Report - April 10

In this week’s episode, Dave Bauer, market analyst for Provimi,
recaps some pork industry and market highlights as well as shares
some things to think about going into the new week. 

On Thursday, the U.S. Department of Agriculture released its
weekly pork exports report showing a marketing year high totaling
55,900 metric tons. China again was the biggest buyer purchasing
71% of the total and its highest weekly bookings for the year.
The real sauce to the weekly report was that weekly shipments
were again strong at 39,200 metric tons, down 2.5% from year ago.
China was again responsible for over 40% of those shipments.
Bauer discusses what this means. 


He also looks at cash trends that supported futures a week ago
but have fallen hard this week, putting a lid on the rally in
June hog futures at 44% of the $30/cwt. drop of the past three
weeks. As Bauer explains this is largely due to the backlog of
pork that has occurred with the closing in the foodservice
sector. Take a listen to find out where prices and the demand
situation are headed. 

What should we be thinking about for next week? Bauer says it may
well be a slowing of the production chain that could translate
into a slowing of late phase performance in on-farm finishing
units. 


Stay tune. These are unusual times and it will pay dividends to
be well prepared, which is what Feedstuffs Precision Pork is all
about, giving you the information you need to run a more precise
pork system. 

For questions on this week's recap or to discuss other market
questions, just ASK DAVE. 


As always: Plan today for tomorrow's success.


Follow Feedstuffs Precision Pork on your favorite podcast
platform or find it on www.Feedstuffs.com and
www.NationalHogFarmer.com.