While crop damage and crop loss are real and impactful, the recent storm that rolled over the Midwest, particularly parts of Iowa, took an even far greater toll. The real story is with the people in those cities and areas hard hit. Seeing it first-hand on recent trip through the area, Provimi senior market analyst, David Baur provides his perspective in leading off this week’s episode of Feedstuffs Precision Pork.
In the hog world, Bauer believes sow herd reductions are going to reduce production in the last half of 2020. He notes there are signs of upside technical momentum on the charts.
The September hogs and pigs survey is being conducted and wraps up by Sept. 1. Market discussions now speak directly to the sow herd, summer pig crops and June's estimate for reduced fall farrowing, says Bauer.
Bauer believes this is all price positive. What's the word on forward profitability? He fills us in on that as well. Among other things, he says we are seeing more producers being able to reduce feed costs by bringing DDGs back into diets.
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 David_Bauer@cargill.com. Plan today for tomorrow’s success.