Just like the emergent molten lava from Mount Kilauea, so an historical metric of the US hog industry, having lay dormant for many years, is creeping ever so slowly over its profit destroying "trigger" level. That metric is the hog corn ratio.
Swine markets commentaries
Europe as a whole has a flat depressive profile with the prices in the minimum levels of the last three years.
All the ingredients required for a pig industry expansion: Oxygen (PEDv becoming manageable) + fuel (high profits and lower feed ingredient prices ahead) + a spark (intentions to farrow 3-4 % more sows).
All the European markets lower the prices very quickly to position their meat as best as possible with respect to its rivals. The search for alternative markets is essential…
September will be a bear market month. We still have to see the pace of the drops.
During July Germany has made a strong challenge that is difficult to process for the whole of Europe.
We hear a lot of talk about optimizing profitability in grow-finish through reducing standard deviation of marketed weights and aiming that tighter weight group at the profit optimal average weight at the time of marketing. It’s a bit like playing darts, you want the darts to be in tight group but it is also necessary to be near the bull’s eye on the target.