Setting goals is only the first step in driving performance into the new year. How you engage your team and help them understand why the goal is important, is vital to ensuring you have a united effort.
There are several market drivers that are shaping fourth-quarter prices and hog producer margins throughout this period. The Chinese character, which depicts both danger and opportunity (as one character) comes to mind.
Historical relative weakness in cash hog prices as measured by the “gross” packer margin has been a troublesome issue for producers — particularly those with packer contracts not based on cutout prices.
The healthy, efficient growth in pork production and U.S. processing capacity will produce more pork. The U.S. will need to increase pork exports by 400,000 tons to remain profitable during this expansion mode.
When looking at the technical information, historically, on average, the seasonal peak will hit during the second or third week of July. However, cutout typically peaks around the third week of June and continues to push higher due to strong pork...