News - HAMS Marketing Services

A Senior Risk Management Analyst with HAMS Marketing Services says pork demand will need to improve significantly to stimulate a recovery in live hog markets.

The Director of Risk Management with HAMS Marketing Services is advising pork producers to take advantage of strong futures and lock in prices as new highs are established on a lot of the spring and summer month contracts.

The Director of Risk Management with HAMS Marketing Services says, in spite of exceptionally high feed costs, 2022 was among the top three year most profitable years for North American pork producers over the past decade and similar trends appear to be developing heading into 2023.

The Director of Risk Management with HAMS Marketing Services is advising pork producers to lock in their feed costs as they forward contract their hog production.

The Director of Risk Management with HAMS Marketing Services suggests access to labor will be the biggest challenge as the pork packing plants gear up for the heavier fall and winter and hog production.

The Director of Risk management with HAMS Marketing Services says profitability in the swine sector through this winter and into early spring will depend largely on feed grain prices.

The Director of Risk Management with HAMS Marketing Services expects tight North American hog supplies and potential increased pork demand from China to limit the impact of Russia’s invasion of Ukraine on North American hog markets.

The Director of Risk Management with HAMS Marketing Services is advising pork producers to focus on risk management strategies amid the market volatility being created by Russia’s invasion of Ukraine.

The Director of Risk Management with HAMS Marketing Services says the need for effective risk management strategies will be especially important as we move into 2022. Despite significant volatility over the course of 2021 due to uncertainty over the pandemic, hog prices were generally quite good but profitability was reduced as a result of record high feed prices.

The Director of Risk Management with HAMS Marketing Services says the impact of the global pandemic on pork processing capacity is one of the biggest factors driving hog markets. In late 2021 slaughter hog production dropped, resulting in a decline in hog numbers and triggering a significant reduction of pork stocks, stimulating higher pork cut-out values.