Hog supply will tighten seasonally as warm weather has its impact, but year-on-year increases will remain large through the end of 2018 and in to 2019. Supplies for the first half of ’19 are already pretty well programmed.
March pork export volume was steady with last year at 227,363 metric tons, while value increased 4% to $610.4 million — trailing only the November 2017 record of $615.8 million.
Legislative Watch: Tariffs delayed for Canada, Mexico, EU; House urged to leave crop insurance alone; biotech labeling proposed; trade impact on ag stressed; Barbic confirmed.
Understanding the relationship between cash and futures can help producers better manage their hedge positions and leverage the information being provided by the market to take advantage of opportunities that may present themselves.
Legislative Watch: Congress urges withdrawal of slaughter inspection rule; EU, Mexico agree on trade; U.S., Japan talking; sorghum gets heavy duty; USDA names leadership.
