The Director of Risk Management with HAMS Marketing Services says early indications are that 2021 will be a much more profitable year for pork producers than 2020 was. COVID-19 was the dominant factor influencing live hog prices over the past year.
The Director of Risk Management with HAMS Marketing Services says uncertainty over the what will happen with COVID continues to result in considerable hog market volatility.
The Director of Risk Management with HAMS Marketing Services is encouraging pork producers to watch for rallies in the futures market over the winter months that could allow them to reduce their losses.
The Director of Risk Management with HAMS Marketing Services says shifting pork demand, due to COVID-19, is making it extremely difficult to assess the role of demand in influencing the value of live slaughter hogs.
The Director of Risk Management with HAMS Marketing Services is hopeful Chinese demand for U.S. pork will lead to higher hog prices in 2020.
In light of sharp drops in the futures, the Director of Risk Management with HAMS Marketing Services recommends a disciplined approach to forward pricing.
The Director of Risk Management with HAMS Marketing Services is blaming a record availability of U.S. slaughter hogs combined with a reduced holiday slaughter schedules for a dramatic reduction in North American live hog prices.
HAMS Marketing services says, despite unprecedented growth in North American hog production, there’s good potential for further upside movement on the 2020 hog market but prices will remain volatile.
HAMS Marketing Services says improved export sales will be needed in all markets to realize better prices during the fourth quarter.
HAMS Marketing Services is advising swine producers to watch for any rallies in the futures market and consider locking in fourth quarter hog prices.
