- Lean hog futures rose sharply as wholesale pork prices increased. The CME August Lean Hog contract closed $1.625/cwt higher.
- Pork packers have struggled this year as wholesale pork prices have lagged. The meat margin, which has been negative, was particularly poor in early July.
- Packers cut back hog slaughter in response to weak prices and heat waves decreasing demand, helping balance the wholesale market. However, pork prices remain down nearly $10/cwt from a year ago.
Wholesale beef prices have risen sharply in recent weeks as buyers prepare for Labor Day and the start of the school year. Middle meat prices like ribs and loins have increased 13% and 6% respectively over last year, driving the choice cutout up 3.5% and select cutout up 1.2%. Tighter cattle supplies and inflation concerns have contributed to the rally. Live cattle futures also increased but are expected to follow a similar pattern as last year, hovering around $195-205 per cwt through the end of the year. Contributions from other cuts like chucks and rounds will need to increase for beef inflation to continue into 2013.
The Bord Gáis Energy Index rose 11% in March as unseasonably high demand coupled with gas supply constraints pushed wholesale gas prices to record highs in the UK. Despite negative market reaction to Cyprus’s bailout and weak economic numbers from Europe and China, Brent crude oil prices in euro terms rose by 1%. As a result, the Bord Gáis Energy Index now stands at 166, an increase of 8% on March 2012. Severe spikes occurred in the price of prompt UK gas contracts but these did recede back to more acceptable levels, albeit still relatively high. Events in Cyprus and worries over European debt piled on to bearishness in the European coal market, pushing prices lower. The euro
The pork and beef cutout prices are below year-ago levels due to high grain prices putting pressure on meat prices. While grain prices are expected to eventually push meat prices higher, it will take time for higher feed costs to be reconciled with consumer prices. Pork exports, which account for nearly 25% of US pork production, have helped support hog prices and avoid reductions in hog capacity. However, soft domestic pork demand this summer has contributed to lower pork prices. Choice beef prices are up slightly from a year ago, supported by promotions, but hot weather caused prices to dip in July. Overall beef supplies are expected to decline around 5% in the third quarter and 3.6% in the fourth quarter due to limited cattle
US cattle prices increased this week despite concerns about beef prices sustaining high levels in early 2013. The gains reflect higher beef cutout values as well as increased prices in export markets and drop credits. Middle meats like loins and ribs have seen the largest price increases so far, accounting for over 80% of the rise in beef cutout values. For cattle prices to reach forecasted record highs, other primals like chucks and rounds will need to appreciate more in early 2013 than they did in 2012 to support overall beef demand through the post-holiday season.
- Pork wholesale prices have declined significantly from year-ago levels, with most pork primals now well below where they were in 2013. The pork loin and butt primals have seen the largest declines of 12% and 20% respectively.
- Despite lower hog weights, pork production has only increased slightly from last year due to higher slaughter numbers. However, retail meat sales have been slow and consumers are buying less or switching to cheaper proteins.
- The weakness in pork prices is a concern for the industry, though pork remains competitively priced versus other meats. Strong export demand, especially to Japan, will be important to support prices.
The pork cutout value rose last week, possibly signaling that prices have hit their low point for the fall season. Ham prices increased substantially over the past two weeks to near levels from last year, helping support the overall cutout value despite ample ham supplies in storage. Weaned pig prices also increased significantly and reached their highest levels since February due to tighter supplies and empty hog finishing spaces seeking to be filled.
- The US Senate passed a measure to shift $55 million within the USDA budget to prevent meat inspection furloughs through September. This averts threatened cuts and will now go to the House for approval.
- Both cattle and hog markets have been disappointing this spring, with pork cutout values softer than normal historically for this time of year. Pork packer margins have improved due to lower hog prices.
- For pork markets to improve, cutout values will need to increase to make room for higher hog prices while maintaining packer margins.
- Cattle futures were lower on Tuesday due to weak wholesale beef prices and lower corn values putting pressure on live and feeder cattle contracts.
- Wholesale beef prices have fallen in recent days with the choice beef cutout closing down $4.55/cwt from a year ago at 188.00/cwt.
- The disparity between wholesale beef prices and live cattle futures remains significant, though it is believed the gap is temporary due to recent weather disruptions slowing processing.
Wholesale beef prices have risen sharply in recent weeks as buyers prepare for Labor Day and the start of the school year. Middle meat prices like ribs and loins have increased 13% and 6% respectively over last year, driving the choice cutout up 3.5% and select cutout up 1.2%. Tighter cattle supplies and inflation concerns have contributed to the rally. Live cattle futures also increased but are expected to follow a similar pattern as last year, hovering around $195-205 per cwt through the end of the year. Contributions from other cuts like chucks and rounds will need to increase for beef inflation to continue into 2013.
The Bord Gáis Energy Index rose 11% in March as unseasonably high demand coupled with gas supply constraints pushed wholesale gas prices to record highs in the UK. Despite negative market reaction to Cyprus’s bailout and weak economic numbers from Europe and China, Brent crude oil prices in euro terms rose by 1%. As a result, the Bord Gáis Energy Index now stands at 166, an increase of 8% on March 2012. Severe spikes occurred in the price of prompt UK gas contracts but these did recede back to more acceptable levels, albeit still relatively high. Events in Cyprus and worries over European debt piled on to bearishness in the European coal market, pushing prices lower. The euro
The pork and beef cutout prices are below year-ago levels due to high grain prices putting pressure on meat prices. While grain prices are expected to eventually push meat prices higher, it will take time for higher feed costs to be reconciled with consumer prices. Pork exports, which account for nearly 25% of US pork production, have helped support hog prices and avoid reductions in hog capacity. However, soft domestic pork demand this summer has contributed to lower pork prices. Choice beef prices are up slightly from a year ago, supported by promotions, but hot weather caused prices to dip in July. Overall beef supplies are expected to decline around 5% in the third quarter and 3.6% in the fourth quarter due to limited cattle
US cattle prices increased this week despite concerns about beef prices sustaining high levels in early 2013. The gains reflect higher beef cutout values as well as increased prices in export markets and drop credits. Middle meats like loins and ribs have seen the largest price increases so far, accounting for over 80% of the rise in beef cutout values. For cattle prices to reach forecasted record highs, other primals like chucks and rounds will need to appreciate more in early 2013 than they did in 2012 to support overall beef demand through the post-holiday season.
- Pork wholesale prices have declined significantly from year-ago levels, with most pork primals now well below where they were in 2013. The pork loin and butt primals have seen the largest declines of 12% and 20% respectively.
- Despite lower hog weights, pork production has only increased slightly from last year due to higher slaughter numbers. However, retail meat sales have been slow and consumers are buying less or switching to cheaper proteins.
- The weakness in pork prices is a concern for the industry, though pork remains competitively priced versus other meats. Strong export demand, especially to Japan, will be important to support prices.
The pork cutout value rose last week, possibly signaling that prices have hit their low point for the fall season. Ham prices increased substantially over the past two weeks to near levels from last year, helping support the overall cutout value despite ample ham supplies in storage. Weaned pig prices also increased significantly and reached their highest levels since February due to tighter supplies and empty hog finishing spaces seeking to be filled.
- The US Senate passed a measure to shift $55 million within the USDA budget to prevent meat inspection furloughs through September. This averts threatened cuts and will now go to the House for approval.
- Both cattle and hog markets have been disappointing this spring, with pork cutout values softer than normal historically for this time of year. Pork packer margins have improved due to lower hog prices.
- For pork markets to improve, cutout values will need to increase to make room for higher hog prices while maintaining packer margins.
- Cattle futures were lower on Tuesday due to weak wholesale beef prices and lower corn values putting pressure on live and feeder cattle contracts.
- Wholesale beef prices have fallen in recent days with the choice beef cutout closing down $4.55/cwt from a year ago at 188.00/cwt.
- The disparity between wholesale beef prices and live cattle futures remains significant, though it is believed the gap is temporary due to recent weather disruptions slowing processing.
The hog and pork markets had declined sharply in recent months but prices rebounded after the latest USDA report showed higher than expected pork inventories. While pork production has been up year-over-year recently, demand has been soft due to lower incomes and unemployment. However, pork remains relatively inexpensive compared to beef and prices could rise further as grilling season approaches.
Broiler supplies are expected to remain tight through the first half of 2013 due to high feed costs depressing producer margins. The latest USDA report showed a 3.5% reduction in broiler egg sets for the week ending October 20 compared to the same period last year, representing the smallest number of broiler egg sets since March 1994. While one week does not make a trend, the data indicates broiler producers remain in contraction mode due to record high feed prices.
Grain markets have been volatile as participants try to assess price levels needed to ration grain supplies. Corn futures were initially higher on hopes of inflation but markets turned negative. USDA projects a modest 1.6% reduction in grain-consuming animal units despite lower corn and ethanol production, as well as reduced hay and soybean meal supplies. Sharp feed reductions imply dramatic cuts to animal numbers, and higher prices will be needed to reduce feeding. Sow slaughter remains close to last year's levels while broiler production is identical, but poultry and livestock cuts may differ in difficulty.
- Hog futures prices have fallen sharply in the last two trading sessions due to concerns about rising pork supplies depressing pork prices in the fall.
- Weekly hog slaughter is currently 6% higher than last year and hog carcass weights are up 1.1% from 2011, contributing to a 7% rise in pork supplies.
- The increase in pork supplies is proving difficult for wholesale pork markets to absorb, driving down prices for items like trimmings, hams, and pork loins in an effort to clear excess supply.
1) Despite higher feed costs, broiler producers appear undaunted and have increased egg sets and chick placements above year-ago levels in recent weeks.
2) Whole chicken prices have reached record levels, driven in part by producers shifting toward larger boning birds. Broiler weights have also been increasing, allowing producers to maximize production efficiencies.
3) Higher prices for chicken parts like wings, supported by consumer preferences and higher prices for competing meats, have helped offset weaker prices for chicken breasts.
1) Cow slaughter numbers are lagging official USDA reports by two weeks, but estimated cow slaughter for the week of July 14th is around 3% higher than the previous year as drought conditions deteriorate pastures across much of the central US.
2) High feed costs from increased corn, soybean meal and hay prices are putting pressure on cow-calf operators and pushing more cows to market. Weaker calf prices next year from declining feeder cattle futures are also impacting cow slaughter numbers.
3) Hog slaughter numbers may be rising as well, driven by sharply higher feed costs and softer wholesale pork prices, with light sow prices down around 8% in the last 10 days.
The USDA quarterly Hogs and Pigs report showed a slight reduction in the breeding herd from last year and a larger market herd, indicating a rapid shift from expansion to contraction. Farrowing intentions, especially for the next quarter, seem low relative to the breeding herd. The report implies lower pork supplies in the next four quarters but slaughter declines may not be as large as expected if sow slaughter increases.
1) Demand indexes for major animal proteins (pork, beef, chicken, turkey) through August 2022 were mixed, with pork and chicken demand lower than the previous year and beef and turkey demand higher.
2) Pork and chicken consumption was lower than expected given only modest price increases, while beef and turkey prices rose more substantially with consumption.
3) Real disposable income per capita, a key driver of consumer demand, has grown slowly since the recession, averaging just 0.2% from 2011-2012, limiting consumer spending on meat including pork and chicken.
Feedlot placements of cattle declined sharply in October, down 12.5% from the previous year, reflecting high feed prices. The number of cattle on feed as of November 1st was down 5.3% from the previous year. Despite fewer cattle being slaughtered, beef production has held steady due to increased carcass weights. However, if carcass weight gains slow, it could pose a risk to the beef market over the winter months. The EPA denied a request to waive the ethanol mandate, disappointing livestock producers who had hoped it would ease pressure on corn supplies.
The document discusses the upcoming release of USDA reports on grain stocks and hogs/pigs. It provides analysts' estimates for the hogs/pigs report, which generally expect numbers to be near 100% of year-ago levels. It also notes that the EU ban on gestation stalls going into effect January 2013 could impact EU pork supplies but is not expected to cause large drops in US pork supplies. The document includes a chart showing that growth in US hog slaughter and pork production slowed well before recent drought impacts.
- Cattle futures prices were higher yesterday following firm cash prices for cattle expected to come to market in the next few weeks. Packers have been running light schedules but slaughter is expected to increase in April as weather warms.
- Steer and heifer slaughter is down 6.2% from last year while cow and bull slaughter is up 13%. The increase in cattle prices with falling beef cutout values may squeeze packer margins in the short term.
- Tight beef supplies and improving spring demand should support cattle and beef prices, but weather remains a key uncertainty factor.
- USDA's cattle inventory report found fewer cattle than expected, which will likely increase cattle futures prices. The beef cow herd and calf crop were both at their lowest levels since 1973 and 1942 respectively.
- Cold storage inventories of pork and beef were lower than the previous month but higher than the same month last year. Chicken inventories grew slightly from the previous month.
- The cattle on feed report found inventories close to expectations, and is expected to have a neutral impact on cattle futures prices. Placements in June were lower than the previous year.
1) US cow slaughter has been below year-ago levels since July due to a sharp decline in beef cows, though dairy cow slaughter is up 10%.
2) Beef cow slaughter through October 20 was down 21% from last year as producers transition cattle from grass to scarce and expensive hay.
3) US sow slaughter was up 2.8% through October 20 but producers also reduced breeding herds by sending fewer replacement gilts to market.
- US hay supplies remain low due to drought in 2012, down 9% from the previous year and 16% below the 5-year average. Stocks are down as much as 49% in some states.
- High grain prices have reduced hay acreage while drought has lowered hay yields to their lowest point since 1988. Hay prices have risen 9% from last year and 50% above the 5-year average.
- Though US cow inventories are at a 50-year low, down 1.3% in 2012, the ratio of cows to hay stocks is at its highest level in 20 years, indicating more competition for limited feed supplies.
1) Beef cow slaughter in 2012 is 4.3% lower than 2011, but 2011 saw unusually high slaughter levels due to drought. Slaughter levels in 2012 have been similar to the 2006-2010 average despite drought conditions.
2) Dairy cow slaughter has increased steadily in 2012 compared to 2011, rising 5.8% year-to-date. Higher grain and hay prices due to drought exacerbated increases in dairy cow slaughter starting in early 2012.
3) Both beef and dairy cow herds were reduced in 2011 and will result in lower beef supplies in 2013-2014, even as high feed costs have not driven further cuts to the beef cow herd in 2012.
USDA will release its monthly Crop Production and World Agricultural Supply and Demand Estimates report on September 12th. There is focus on corn and soybean harvested acreage estimates. Analyst estimates for corn harvested acres range from 83-87.4 million acres, compared to USDA's August estimate of 87.4 million acres. Cow and bull slaughter has declined below year-ago levels since mid-August. The report will provide updated estimates for U.S. and global crop production and supply/demand.
USDA will release its estimates for US and world agricultural output and usage on September 12th, including corn and soybean estimates. There is disagreement over corn yield estimates, ranging from 117.6 to 124 bushels per acre. Soybean estimates are expected to be slightly lower than August estimates. Cow and bull slaughter has declined significantly compared to last year since mid-August.
The drought conditions across the US corn belt have caused corn futures to reach record highs of over $8 per bushel. Estimates for the average corn yield have been lowered to below 130 bushels per acre, which could have 3 million fewer acres harvested than previously estimated. High feed costs are putting pressure on livestock producers and thousands of family farms may go out of business without relief from ethanol mandates. Red meat and poultry production was up slightly from last year but cattle and hog weights are higher, partially offsetting reduced slaughter numbers.
El documento presenta indicadores comerciales de maíz y soja en Argentina. Para maíz en la campaña 2012/13, el saldo exportable fue de 19,4 millones de toneladas, de las cuales se compraron 18,21 millones para exportación. Queda por vender 1,2 millones de toneladas y falta fijar precio para 2,2 millones. Para soja 2013/14, la producción estimada es de 53,51 millones de toneladas, de las cuales se compraron 2,08 millones y falta vender 50,6 millones y fij
El resumen proporciona información sobre la faena de bovinos, ovinos y porcinos en establecimientos habilitados a nivel nacional hasta el 31 de agosto de 2013. La faena de bovinos fue de 1,4 millones de cabezas, con un 45% correspondiente a vacas. La faena ovina fue de 783,434 cabezas, con un 47% correspondiente a corderos. La faena porcina fue de 129,004 cabezas, con un 92% correspondiente a cerdos. El documento también incluye información sobre precios de hacienda
O documento discute o preço do leite pago ao produtor no Brasil em julho de 2013. O preço médio nacional do leite aumentou 3,6% em relação a junho, impulsionado pela forte demanda. A produção de leite aumentou em junho, mas ainda está abaixo da demanda das indústrias. As expectativas são de novos aumentos de preços em agosto devido à continuidade da demanda aquecida.
O documento discute o mercado de leite no Brasil em junho de 2013. A produção de leite continuou baixa devido ao período de entressafra, enquanto a demanda permaneceu firme, fazendo com que os preços pagos aos produtores aumentassem pelo quinto mês consecutivo. Os gastos com alimentação animal também subiram em junho, influenciados pela alta nos preços de suplementos. A expectativa é de novos aumentos nos preços do leite em julho.
The hog and pork markets had declined sharply in recent months but prices rebounded after the latest USDA report showed higher than expected pork inventories. While pork production has been up year-over-year recently, demand has been soft due to lower incomes and unemployment. However, pork remains relatively inexpensive compared to beef and prices could rise further as grilling season approaches.
Broiler supplies are expected to remain tight through the first half of 2013 due to high feed costs depressing producer margins. The latest USDA report showed a 3.5% reduction in broiler egg sets for the week ending October 20 compared to the same period last year, representing the smallest number of broiler egg sets since March 1994. While one week does not make a trend, the data indicates broiler producers remain in contraction mode due to record high feed prices.
Grain markets have been volatile as participants try to assess price levels needed to ration grain supplies. Corn futures were initially higher on hopes of inflation but markets turned negative. USDA projects a modest 1.6% reduction in grain-consuming animal units despite lower corn and ethanol production, as well as reduced hay and soybean meal supplies. Sharp feed reductions imply dramatic cuts to animal numbers, and higher prices will be needed to reduce feeding. Sow slaughter remains close to last year's levels while broiler production is identical, but poultry and livestock cuts may differ in difficulty.
- Hog futures prices have fallen sharply in the last two trading sessions due to concerns about rising pork supplies depressing pork prices in the fall.
- Weekly hog slaughter is currently 6% higher than last year and hog carcass weights are up 1.1% from 2011, contributing to a 7% rise in pork supplies.
- The increase in pork supplies is proving difficult for wholesale pork markets to absorb, driving down prices for items like trimmings, hams, and pork loins in an effort to clear excess supply.
1) Despite higher feed costs, broiler producers appear undaunted and have increased egg sets and chick placements above year-ago levels in recent weeks.
2) Whole chicken prices have reached record levels, driven in part by producers shifting toward larger boning birds. Broiler weights have also been increasing, allowing producers to maximize production efficiencies.
3) Higher prices for chicken parts like wings, supported by consumer preferences and higher prices for competing meats, have helped offset weaker prices for chicken breasts.
1) Cow slaughter numbers are lagging official USDA reports by two weeks, but estimated cow slaughter for the week of July 14th is around 3% higher than the previous year as drought conditions deteriorate pastures across much of the central US.
2) High feed costs from increased corn, soybean meal and hay prices are putting pressure on cow-calf operators and pushing more cows to market. Weaker calf prices next year from declining feeder cattle futures are also impacting cow slaughter numbers.
3) Hog slaughter numbers may be rising as well, driven by sharply higher feed costs and softer wholesale pork prices, with light sow prices down around 8% in the last 10 days.
The USDA quarterly Hogs and Pigs report showed a slight reduction in the breeding herd from last year and a larger market herd, indicating a rapid shift from expansion to contraction. Farrowing intentions, especially for the next quarter, seem low relative to the breeding herd. The report implies lower pork supplies in the next four quarters but slaughter declines may not be as large as expected if sow slaughter increases.
1) Demand indexes for major animal proteins (pork, beef, chicken, turkey) through August 2022 were mixed, with pork and chicken demand lower than the previous year and beef and turkey demand higher.
2) Pork and chicken consumption was lower than expected given only modest price increases, while beef and turkey prices rose more substantially with consumption.
3) Real disposable income per capita, a key driver of consumer demand, has grown slowly since the recession, averaging just 0.2% from 2011-2012, limiting consumer spending on meat including pork and chicken.
Feedlot placements of cattle declined sharply in October, down 12.5% from the previous year, reflecting high feed prices. The number of cattle on feed as of November 1st was down 5.3% from the previous year. Despite fewer cattle being slaughtered, beef production has held steady due to increased carcass weights. However, if carcass weight gains slow, it could pose a risk to the beef market over the winter months. The EPA denied a request to waive the ethanol mandate, disappointing livestock producers who had hoped it would ease pressure on corn supplies.
The document discusses the upcoming release of USDA reports on grain stocks and hogs/pigs. It provides analysts' estimates for the hogs/pigs report, which generally expect numbers to be near 100% of year-ago levels. It also notes that the EU ban on gestation stalls going into effect January 2013 could impact EU pork supplies but is not expected to cause large drops in US pork supplies. The document includes a chart showing that growth in US hog slaughter and pork production slowed well before recent drought impacts.
- Cattle futures prices were higher yesterday following firm cash prices for cattle expected to come to market in the next few weeks. Packers have been running light schedules but slaughter is expected to increase in April as weather warms.
- Steer and heifer slaughter is down 6.2% from last year while cow and bull slaughter is up 13%. The increase in cattle prices with falling beef cutout values may squeeze packer margins in the short term.
- Tight beef supplies and improving spring demand should support cattle and beef prices, but weather remains a key uncertainty factor.
- USDA's cattle inventory report found fewer cattle than expected, which will likely increase cattle futures prices. The beef cow herd and calf crop were both at their lowest levels since 1973 and 1942 respectively.
- Cold storage inventories of pork and beef were lower than the previous month but higher than the same month last year. Chicken inventories grew slightly from the previous month.
- The cattle on feed report found inventories close to expectations, and is expected to have a neutral impact on cattle futures prices. Placements in June were lower than the previous year.
1) US cow slaughter has been below year-ago levels since July due to a sharp decline in beef cows, though dairy cow slaughter is up 10%.
2) Beef cow slaughter through October 20 was down 21% from last year as producers transition cattle from grass to scarce and expensive hay.
3) US sow slaughter was up 2.8% through October 20 but producers also reduced breeding herds by sending fewer replacement gilts to market.
- US hay supplies remain low due to drought in 2012, down 9% from the previous year and 16% below the 5-year average. Stocks are down as much as 49% in some states.
- High grain prices have reduced hay acreage while drought has lowered hay yields to their lowest point since 1988. Hay prices have risen 9% from last year and 50% above the 5-year average.
- Though US cow inventories are at a 50-year low, down 1.3% in 2012, the ratio of cows to hay stocks is at its highest level in 20 years, indicating more competition for limited feed supplies.
1) Beef cow slaughter in 2012 is 4.3% lower than 2011, but 2011 saw unusually high slaughter levels due to drought. Slaughter levels in 2012 have been similar to the 2006-2010 average despite drought conditions.
2) Dairy cow slaughter has increased steadily in 2012 compared to 2011, rising 5.8% year-to-date. Higher grain and hay prices due to drought exacerbated increases in dairy cow slaughter starting in early 2012.
3) Both beef and dairy cow herds were reduced in 2011 and will result in lower beef supplies in 2013-2014, even as high feed costs have not driven further cuts to the beef cow herd in 2012.
USDA will release its monthly Crop Production and World Agricultural Supply and Demand Estimates report on September 12th. There is focus on corn and soybean harvested acreage estimates. Analyst estimates for corn harvested acres range from 83-87.4 million acres, compared to USDA's August estimate of 87.4 million acres. Cow and bull slaughter has declined below year-ago levels since mid-August. The report will provide updated estimates for U.S. and global crop production and supply/demand.
USDA will release its estimates for US and world agricultural output and usage on September 12th, including corn and soybean estimates. There is disagreement over corn yield estimates, ranging from 117.6 to 124 bushels per acre. Soybean estimates are expected to be slightly lower than August estimates. Cow and bull slaughter has declined significantly compared to last year since mid-August.
The drought conditions across the US corn belt have caused corn futures to reach record highs of over $8 per bushel. Estimates for the average corn yield have been lowered to below 130 bushels per acre, which could have 3 million fewer acres harvested than previously estimated. High feed costs are putting pressure on livestock producers and thousands of family farms may go out of business without relief from ethanol mandates. Red meat and poultry production was up slightly from last year but cattle and hog weights are higher, partially offsetting reduced slaughter numbers.
Similar to Daily livestock report july 26 2012 (18)
El documento presenta indicadores comerciales de maíz y soja en Argentina. Para maíz en la campaña 2012/13, el saldo exportable fue de 19,4 millones de toneladas, de las cuales se compraron 18,21 millones para exportación. Queda por vender 1,2 millones de toneladas y falta fijar precio para 2,2 millones. Para soja 2013/14, la producción estimada es de 53,51 millones de toneladas, de las cuales se compraron 2,08 millones y falta vender 50,6 millones y fij
El resumen proporciona información sobre la faena de bovinos, ovinos y porcinos en establecimientos habilitados a nivel nacional hasta el 31 de agosto de 2013. La faena de bovinos fue de 1,4 millones de cabezas, con un 45% correspondiente a vacas. La faena ovina fue de 783,434 cabezas, con un 47% correspondiente a corderos. La faena porcina fue de 129,004 cabezas, con un 92% correspondiente a cerdos. El documento también incluye información sobre precios de hacienda
O documento discute o preço do leite pago ao produtor no Brasil em julho de 2013. O preço médio nacional do leite aumentou 3,6% em relação a junho, impulsionado pela forte demanda. A produção de leite aumentou em junho, mas ainda está abaixo da demanda das indústrias. As expectativas são de novos aumentos de preços em agosto devido à continuidade da demanda aquecida.
O documento discute o mercado de leite no Brasil em junho de 2013. A produção de leite continuou baixa devido ao período de entressafra, enquanto a demanda permaneceu firme, fazendo com que os preços pagos aos produtores aumentassem pelo quinto mês consecutivo. Os gastos com alimentação animal também subiram em junho, influenciados pela alta nos preços de suplementos. A expectativa é de novos aumentos nos preços do leite em julho.
O preço pago ao produtor de leite em maio foi o maior em cinco anos devido à baixa oferta causada pela escassez de alimentos para as vacas e atraso nas chuvas. A diminuição da oferta elevou os preços dos derivados e levou algumas indústrias a aumentarem os preços para reduzir as vendas com medo de não atender a demanda. No entanto, casos isolados de adulteração de leite no Rio Grande do Sul não devem comprometer a imagem e importância desse alimento essencial para a saúde.
O preço pago ao produtor de leite aumentou pelo terceiro mês consecutivo em abril, impulsionado pela queda na oferta. A expectativa é de que os preços continuem subindo em maio, apesar da possível elevação da produção no Sul. Os custos de produção, no entanto, permanecem altos, exigindo planejamento dos produtores.
A produção de leite no Brasil continuou em queda em fevereiro, restringindo a oferta e aumentando a disputa pelos suprimentos entre as indústrias. Como resultado, os preços pagos aos produtores subiram 2,53% em março. A maioria dos agentes de mercado espera que os preços continuem aumentando em abril devido à oferta limitada e demanda constante.
El resumen proporciona información sobre la faena de bovinos, ovinos y porcinos en Uruguay hasta el 24 de agosto de 2013. La faena de bovinos fue un 3% superior a 2012, con 1,377,335 cabezas faenadas. La faena ovina aumentó un 19% en dólares y un 35% en volumen respecto a 2012. La faena porcina fue similar a 2012, con 125,490 cabezas.
El balance del Banco Central de la República Argentina al 07 de agosto de 2022 mostraba reservas internacionales por $204.675 millones, equivalentes a u$s37.022 millones. La deuda del gobierno nacional con el Banco Central totalizaba $158.503 millones, equivalentes a u$s28.670 millones. Los agregados monetarios M1, M2 y M3 tuvieron incrementos interanuales de entre 27,7% y 30,2%. La implementación de contratos forward ganaderos permitiría a productores ganaderos acceder a financiamiento para
El documento presenta indicadores comerciales de la soja para la campaña 2012/13. Muestra que la producción fue de 48 millones de toneladas, un aumento del 7% respecto al año anterior. Las compras totales fueron de 12,35 millones de toneladas, una disminución del 27% interanual. Aún quedan 34,8 millones de toneladas por vender y 41,9 millones de toneladas sin precio fijado.
El resumen del documento es:
1) La faena de bovinos aumentó un 18% respecto al mismo período del año anterior. La faena de ovinos aumentó un 75% y la de porcinos un 5%.
2) La faena de ovejas, corderos y cerdos representaron el principal porcentaje de la faena total de cada especie.
3) Las exportaciones totales del sector aumentaron un 6% en divisas respecto al mismo período del año anterior, mientras que las exportaciones de carne bovina y ovina aumentaron en volumen y
This document discusses the differences between federally inspected (FI) slaughter and commercial slaughter data reported by the USDA. FI slaughter occurs in plants inspected by the USDA Food Safety and Inspection Service and accounts for over 98% of cattle and 99% of hog slaughter. The USDA publishes daily and weekly FI slaughter reports that provide estimates of slaughter numbers and production. Commercial slaughter data comes from state-inspected plants and is reported monthly with more detailed information. The document provides an overview of several key USDA reports and the differences between FI and commercial data sources.
- Pork production reached record high levels in Q4 2012 despite warnings about high feed costs reducing meat supplies. However, pork production trends had shifted downward beginning in 2008 with the surge in corn prices above $4/bushel.
- Prior to 2008, all major meat production species were growing steadily each quarter. The spike in grain costs disrupted this and caused production cuts, especially after prices rose above $6-7/bushel.
- Had grain costs not increased as sharply, meat production for all species would be significantly higher now, providing billions of additional pounds of protein for consumers each quarter.
The document summarizes estimates for USDA's upcoming Cattle on Feed report, which is expected to show lower placements, marketings, and inventories compared to the previous year. Retail meat prices increased in March compared to February for all meats except composite broilers. While retail prices have increased, wholesale and farm values have not risen as much, especially for beef and pork. There is concern that retail prices are rising faster than production costs to keep products moving through the supply chain.
- Corn planting progress is off to a slow start in 2013, with only 2% of acres planted nationally by mid-April, compared to a 5-year average of 7% planted. Several key corn-producing states are lagging behind their normal planting paces.
- While slow planting progress is not disastrous, the entire 2013 corn crop will be closely watched given tight supplies. However, 2008 and 2009 had similarly slow starts but ended with good yields.
- Cattle and hog producers face high feed costs and low prices, suggesting significant losses for the remainder of 2013 despite some expected cost declines later in the year. Hog producers may see better prospects in 2014 if costs continue to fall as projected.
The USDA discontinued the voluntary National Carlot Pork Report and will instead track two mandatory pork reports providing pricing on an FOB Plant and FOB Omaha basis. This change was made to provide better visibility into wholesale pork pricing. While some wanted the reports published side by side for six months, continuing the voluntary report proved impractical as packers stopped reporting to it once the mandatory reports began on April 1st. The mandatory reports have consistently shown prices around 4 cents or 5% higher than the voluntary report, suggesting the voluntary report did not provide full visibility previously.
The document provides updates to global agricultural supply and demand estimates for various commodities including wheat, coarse grains, rice, oilseeds, sugar, and cotton for the 2012/13 period. Key points include:
- U.S. wheat ending stocks are projected to be 15 million bushels higher. Global wheat supplies and trade are also projected to increase.
- U.S. coarse grain ending stocks are projected to be higher led by a 125 million bushel increase in corn ending stocks. Global coarse grain production is projected to increase 1.1 million tons.
- U.S. rice domestic use is projected to decrease 5 million cwt, increasing ending stocks. Global rice production is projected at
1) The statistics for US meat exports reported monthly by the US Census Bureau and weekly by USDA through its export sales reporting system have become increasingly difficult to reconcile in recent months.
2) The monthly Census data shows a 36% decline in US beef exports to Mexico in January 2013, while the weekly data reported a 19% increase.
3) A comparison of monthly official beef export statistics and implied monthly exports from the weekly data shows they are dramatically different since 2012, possibly due to a change in commodity classification codes.
USDA issued its latest forecasts for 2013 beef, pork, and poultry production in April. The biggest revision was a reduction in the beef production forecast of 230 million pounds or 0.9% to 24.976 billion pounds total. This likely reflects expectations for reduced cattle slaughter and slower weight gains in the second half of the year due to smaller feedlot placements. Imports were forecast to be up 0.4% while exports were down 0.6%. Per capita beef consumption in 2013 is now forecast to be 55.7 pounds, down 2.9% from 2012 despite reduced availability.
- Wholesale beef prices have remained volatile as cattle prices jumped briefly around Easter but have since drifted lower. Slow demand in the first quarter of 2013 has led to excess inventories and cautious purchasing by retailers and foodservice.
- Combined US steer and heifer slaughter so far in 2013 is running slightly below year-ago levels. Choice beef cutout prices are over 7% higher than last year due to demand for certain export-dependent cuts.
- After declining last year following the LFTB controversy, prices for fat beef trimmings have surged recently but it remains unclear if high prices can be sustained after Memorial Day.