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Profitability Returns to Hog Market
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Mary Auth

By: Mary Auth on August 26th, 2019

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Profitability Returns to Hog Market

Swine  |  Posts

Swine producers are welcoming the return to profitable prices – largely due to increase exports to markets historically serviced by China and to China. The African Swine Fever continues to cut into China herd losses, creating a greater demand to fill production holes.

Estimated Hog Returns_Summit Livestock FacilitiesUSDA estimated hog inventory in the US in June to be a record 75.52 million head, up 3.6-percent from the previous year. Despite exports slipping four-percent in the first five months of 2019, the value of pork exports reached $54.83 per head in May, the highest monthly average price in a year, the U.S. Meat Export Federation reported.

U.S. pork exports in May totaled 217,999 metric tons, up one-percent in value to $567.8 million, the highest monthly value total since April 2018.

Still there are trade uncertainties and rising feed costs.

Do you have more questions that are not covered in this article? If you need help designing and planning, please contact Summit Livestock Facilities at 800.213.0567 or click here to email usIf you are ready to get a price, click here to request a quote and a member of our customer engagement team will help you determine the next steps of your project. 

About Mary Auth

Raised on a corn and soybean farm in central Illinois, Mary Auth understands farmers and farming. She has long been directly involved with production agriculture. Mary has been a marketing and communications consultant to various sectors in the agricultural industry for more than 40 years. She has served as a consultant for ag commodity groups, farming operations, seed organizations and agricultural legal services. When she’s not providing critical insights and perspectives to any number of ag initiatives, she enjoys traveling the globe, meeting friends old and new, and continuing learning about how people communicate. Mary is a graduate of the University of Illinois and the Illinois Ag Leadership Program. Supporting the innovative work of Summit Livestock Facilities is a natural fit for her.