{"id":21453,"date":"2018-07-20T09:18:11","date_gmt":"2018-07-20T15:18:11","guid":{"rendered":"http:\/\/prairieswine.com\/rsc\/?p=21453"},"modified":"2018-07-20T09:18:11","modified_gmt":"2018-07-20T15:18:11","slug":"hog-market-outlook-and-pricing-methods","status":"publish","type":"post","link":"http:\/\/prairieswine.com\/rsc\/hog-market-outlook-and-pricing-methods\/","title":{"rendered":"Hog Market Outlook and Pricing Methods"},"content":{"rendered":"<p><strong>Author<\/strong>: Ronald L. Plain<\/p>\n<p><strong>Reference: <\/strong> Banff Pork Seminar Proceedings 2018<\/p>\n<p><strong>Summary: <\/strong><\/p>\n<p>2018 is the third consecutive year with an outlook of record number of hogs slaughtered, as a result hog prices are likely to average slightly below the breakeven level. Growth in the U.S. ethanol market resulted in increased grain prices between 2006-2013. Increased grain prices resulted in increased financial stress for livestock and pork producers. In 2014 and 2016, feed prices were reduced and PED virus resulted in a reduced hog slaughter. These in combination resulted in record high hog prices.<\/p>\n<p>Using numbers supplied by USDA, hog slaughter will be above 125 million head which is 3% up from 2017. It is expected that both Canada and the U.S. will export a greater amount of pork in 2018.<\/p>\n<p>The Livestock Mandatory Reporting Act of 1999 has the requirement for large packers to provide the USDA with detailed information regarding the hogs they have bought. When purchasing barrows\/gilts there are several categories the purchase could be split into:<\/p>\n<ul>\n<li>Packer sold<\/li>\n<li>Packer owned<\/li>\n<li>Negotiated<\/li>\n<li>Market Formula<\/li>\n<li>Other market formula<\/li>\n<li>Other purchase agreement<\/li>\n<li>Live weight priced<\/li>\n<li>Non-MPR hogs<\/li>\n<\/ul>\n<p>Since 2002, there has been a significant decline in negotiated sales, with an increase being with packer owned hogs.<\/p>\n<p><a href=\"http:\/\/prairieswine.com\/rsc\/wp-content\/uploads\/2018\/07\/180614113406Ron-Plain-Hog-Market-Outlook-and-Pricing-Methods.pdf\">Hog Market Outlook and Pricing Methods<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Author: Ronald L. Plain Reference: Banff Pork Seminar Proceedings 2018 Summary: 2018 is the third consecutive year with an outlook of record number of hogs slaughtered, as a result hog prices are likely to average slightly below the breakeven level. Growth in the U.S. ethanol market resulted in increased grain prices between 2006-2013. Increased grain [&hellip;]<\/p>\n","protected":false},"author":668,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,930],"tags":[],"class_list":["post-21453","post","type-post","status-publish","format-standard","hentry","category-pork-insight-articles","category-production"],"_links":{"self":[{"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/posts\/21453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/users\/668"}],"replies":[{"embeddable":true,"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/comments?post=21453"}],"version-history":[{"count":3,"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/posts\/21453\/revisions"}],"predecessor-version":[{"id":21616,"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/posts\/21453\/revisions\/21616"}],"wp:attachment":[{"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/media?parent=21453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/categories?post=21453"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/tags?post=21453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}