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Hogs, what to expect

I just received this from my broker if anyone might be interested however hogs can be difficult!!

What to Expect?
Volume in the heavy hams was 2.5 mm lb. Heavy bone-in hams, at 50 cents/lb, are uncovering value. I don’t pretend to know/understand how packers will solve the labor issue. I do know that over time, as fewer hogs become available for slaughter, the industry will take care of it for them. Hog prices will also sky rocket. The löng term world pork situation is bullish Consider the following.

• As confirmed in the recent hog & pig, U.S. producers continue to contract.
• Spain is liquidating sows. Sow, feeder and market hog prices are at 6-year lows.
• Germany is contracting breeding numbers.
• The pork situation in China is a total disaster and proof that central planning does not work. Chinese sow prices are approaching zero (15 cents). Producers are losing $200 per head. The industry is losing $2 billion per week. A massive cull/liquidation is occurring. When hog prices and pork prices finally bottom, when the cull is complete, a huge rally will then develop. They have not eradicated ASF, not even close. China will need to continue importing pork.
• As crude oil prices rise demand for poultry to the Middle East will soar.
• Beef demand is record strong.
• Back to China, they will need less, far less corn next year.

World pork production is declining and will drop severely in the months ahead. ASF remains alive and well in Asia, specifically China. They will need pork, lots of pork next year as will all of our other pork customers. Lower production and rising demand should kick off a huge rally in U.S. hog prices this spring and summer. Time to start working into bullish position but non-marginable positions. The threat of an ASF event in the U.S. remains high.