Tag Archives: Hogs

 

  • Continuation of the status quo
  • Many wondering where the stock is in China
  • Will their buying keep up in the short term?
  • Harvest progress is moving along quickly
  • South America forecast is getting better
  • Black Sea region is still tough
  • Basis in the country
  • Is the down trend in the cattle going to turn around?
  • How is cash holding up?
  • COF on Friday

 

The National Pork Producers Council calls for immediate relief for the nation’s hog farmers. U.S. hog farmers are facing $5 billion in collective pandemic-related losses this year following two challenging years due to trade retaliation.

NPPC President Howard AV Roth says, “We’ve lost hog farmers of all sizes due to the COVID pandemic and need additional relief to preserve a highly competitive pork production system.” Without further assistance, Roth says, “we will lose more hog farmers and see our farm sector consolidate.” Among the provisions NPPC is seeking, they include compensation for euthanized and donated hogs.

Additionally, the organization asks for modification of the Commodity Credit Corporation charter so a pandemic-driven national emergency qualifies for funding. The organization also seeks additional funds for direct payments to producers without restriction, and an extension of the Paycheck Protection Program with modifications to make it accessible to more producers. NPPC also calls for additional funding for animal health surveillance and laboratories, which have appropriately assisted and shared resources with their public health partners.

  • Wheat is the most confusing market right now
  • Light buyer support for soybeans
  • Dry weather concerns
  • Corn isn’t really expensive…yet beans have some good value
  • Cattle had some struggles in the trade, falling off the cliff today
  • Make sure you remember what kind of year this is-does that set the stage for 2021
  • Does the downtrend in cattle set the tone for cash this week?

 

  • Fundamental news is bullish
  • Funds position on the December cattle-risk off attitude
  • Election still has a “hold” on the markets
  • Why are cash bids so low?
  • Is the stock market worried about the election?
  • Seeing a decline in the grade…does that mean we are getting current?
  • How are weights?
  • Fund liquidation vs. good fundamentals
  • Hogs…continue to have export news to China
  • Tech picture on the hogs looks good
  • Hogs vs. cattle in the trade
  • Oct hogs go off the board tomorrow
  • Farmers selling beans…did it happen to soon?
  • Grain summary is China.
  • Harvest clips along

 

  • Chance for more rain in South America…really not a make or break
  • WASDE report out on Friday
  • Crop Progress report
  • Export sales holding strong
  • Ethanol has some support taking place
  • Dollar trade & grains
  • Cash cattle is hanging in there
  • Lack of momentum in the feeder cattle
  • Seeing a lot of cattle coming off grass
  • Hogs keep pushing to the upside

 

  • Exporting ethanol to Brazil…now they are trying to get plants started up
  • Circle the wagon on the USDA report of Wednesday
  • Weather in South America & Russia dry patterns picking up
  • What are the yields looking like?
  • October 9th crop report
  • Will China keep buying? Alliances in South America
  • Livestock showing tighter numbers on cattle
  • Asia buying in October for the holidays will see what it brings
  • Hogs see cash on fire…moved up to some levels that could see a top out

 

There was plenty to talk about coming off of the USDA report that sent corn, soybeans, and wheat sharply higher but also threw a wrench in cattle trade. Arlan is keeping an eye on weather in both South America and the Black Sea Region. He also breaks down cash trade in cattle and why hogs are still trying to sort out their latest report almost a week later.

 

  • Quarterly grain stocks report out on Wednesday
  • Yields are coming in better than expected
  • What do we do with grain coming off the combine?
  • China is set to go on holiday
  • Hogs went up fast
  • Cattle on feed report…chance for more cattle to come off grass faster?
  • Is some of the markets preparing for what can be said in tonight’s debate?
  • Nervousness over the next 6-8 weeks
  • Control what you can control

  • Officially entered the pre-election madness which will bring market volatility
  • We will get more wait & see to sell until this is all over
  • We are moving into the core weather worry for South America
  • Winter wheat issues in Russia…any issues here in the states? They are #1 exporter
  • Dairy update-there is some worries about post-election
  • Cattle on Feed Report-reaction
  • Hogs & Pigs Report-reaction