Dave Bauer, senior market analyst for Provimi, offers his perspective on this week's hog market and recaps the week’s highlights. He also lists some of the things to think about as you prepare for the week ahead. After the rally in prices over the past few months, it's not the time to relax. An opportunity has been provided for everyone from grain farmers to livestock feeders.Hopefully as a hog producer, you've already got a great base of feed needs on the books. Now is the time to look at taking advantage of the pricing opportunities ahead that may in many respects have been gifted to producers after the past six months to a year of losses. Even if you think there are better days ahead, these are the times when prudent marketers take advantage of great opportunities. Bauer suggests being diligent in your marketing work and to make sure you're looking well out into 2021.
Weekly pork export sales are doing their part to maintain prices as total net sales set a new high watermark at 60,200 metric tons, a 52% week over week with China and Mexico leading the way with 48 and 27% of the total followed by the usual Canada, Japan and South Korea. What’s ahead? Bauer gives his thoughts on this episode of Feedstuffs Precision Pork.
hese 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.