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Buxton ND | Been watching scuffy's the last few weeks as piggy's is where I started learning how to hedge and manage price risks.
That was a ugly report, daily/weekly/monthly are ugly.
Monday's opening is probably gonna be really ugly.
Last few week there's been talk of maxing out slaughter capacity that never ends will, back in my day if you had 1.9 pushing 2 million head per week you got the short end of the stick.
Not too long ago someone posted sow slaughter was only 2.5% that's not good. Prices crash sow slaughter starts pushing 5-6%, more numbers more weights and the short stick again.
Here to is another market where China has been buying, China buying its bullish right ? We gotta expand. Then China buys Smithfield or parts of, China's buying its bullish right ? We gotta expand right and producers shoot them self's in the foot.
Cheap pork competes with beef, cheaper beef try's to compete with cheaper pork and it just goes round and round, then the feathers.
Maybe a bunch of us should go cage free/organic/free range corn and beans and make a killing. Some consumers would probably be dumb enough to really buy "Free Range Corn Flakes" Either that or just start raising WEED, end of rant. | |
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Pick apart that hogs and pigs report
