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Meat Production Surges - Retail meat demand continues to be strong as consumers shift to eating at home, as well as stock up on food supplies to maintain social distancing. Last week wholesale beef prices had their biggest weekly increase on record. In ten days the US Choice cutout price moved from US$208/cwt on March 13th, up to US$257/cwt on March 23rd ...
USDA Hogs and Pigs - The USDA released the March 1st Hog Inventory Report this week, and it continued to show year over year growth in US hog inventories. The report results were somewhat mixed relative to expectations, as total hog and market hog inventories were larger than expected, while the breeding herd was below expectations. Hogs kept for breeding were only slightly larger than a year ago ...