May 15, 2020
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In this week's episode of Feedstuffs Precision Pork, market analyst Dave Bauer of Provimi, recaps some pork industry and market highlights and lists some of the things to think about in preparation for next week.
As Bauer explains, these days are filled with headlines and statistics that boggle the mind. We've gone from record employment to record unemployment in three months. In fact, the eating and drinking industry has lost more than three decades of jobs in the last two months.
Speaking of the value put on employees that feed the needs of this consumer-driven society, Bauer says we all have come to realize just how important those employees are that keep chain lines running in the nation's packing plants. Although many of the pictures out there are likely used more for shock and awe, a day doesn't pass without seeing pictures of empty meat shelves.
Pork packing plants are making great strides and what appear to be the right moves to ensure worker safety and confidence in the plant environment. With early estimates for a 239,000 head Saturday, kill weekly harvest is projected over 2 million head for the first time in five weeks. This would be a 17% increase over last week. But even with these gains in slaughter, the backlog of hogs is still growing based on the simple calculation of the difference in actual harvest versus that which was estimated in the March hogs and pigs report.
Take a listen to find out what Bauer thinks lies ahead. What should you be thinking about for next week? We’ll explore that as well.
These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week's recap or want to discuss something not covered, feel free to ASK DAVE at [email protected]. Thanks for listening and make sure you plan today for tomorrow’s success.
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