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Veteran Advisor

$62 August Hogs

August hog prices are seen reaching $62, with Japan's nuclear recovery a major factor, one analyst says.  Mike

 

 

Hog market story here.

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5 Replies
Senior Contributor

Re: $62 August Hogs

If we don't have enough corn or feed wheat available in August, I doubt that $62 would be above breakeven. Thanks for the story.

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Veteran Advisor

Re: $62 August Hogs

wt510151,

 

Talk is that Japan is going to buy a lot of U.S. pork, beef, and chickens. That should make the farmer happy huh?

 

Mike

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Senior Contributor

Re: $62 August Hogs

If the farmer is also a packer, then it should. Not all of the price increase from exports lands in the farmer's pockets.

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Senior Contributor

Re: $62 August Hogs

Currently live hogs with carcass premiums are $73/cwt.    Just got done doing some quick checking.   A year ago we were getting $60.   At the beginning of the year we were getting  $55.     We should all be smiling from ear to ear.   But,   hogs have to be that high or higher to meet expenses.    Sure is helping the checking account. 

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Senior Contributor

Re: $62 August Hogs

Isn't it a great way to jump off the plank, by going out on a high price? We are enjoying the high hog prices, but you're right. The expenses are racheting on up with the market prices.

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