FEEDSTUFFS PRECISION PORK Market Report – June 12

<p>In this episode, Dave Bauer, market analyst with Provimi, takes a deep dive into the U.S. Department of Agriculture’s recent WASDE report that showed total new crop ending stocks at 3.3 billion bushels.<br /><br />In terms of pork supply, USDA has added 1.2% to pork production and increased per capita pork consumption by 1.4% for the year. USDA also released export sales, putting total pork sales at 17,200 metric tons, down 100 metric tons from last week and up 60% versus the average of the past four weeks. <br /><br />Bauer also talks about who is doing what buying and notes how there’s been a lot of rhetoric about China reducing U.S. commodity purchases, but yet their actions aren’t really proving that to be the case. Recovery from the impacts of COVID-19 seem to be happening quicker than expected, and that’s a good thing for the hog sector, says Bauer.<br /><br />What’s head for the market? Take a listen to find out. <br /><br />These are uncertain times and it will pay dividends to be well-prepared. If you have questions on this week’s recap or want to discuss something not covered, feel free to ASK DAVE at <a href="mailto:David_Bauer@cargill.com"><strong>David_Bauer@cargill.com</strong></a>. Plan today for tomorrow’s success.</p><p>Follow Feedstuffs Precision Pork on your favorite podcast platform or find it on <a href="http://www.feedstuffs.com/"><strong>www.Feedstuffs.com</strong></a> and <a href="http://www.nationalhogfarmer.com/"><strong>www.NationalHogFarmer.com</strong></a></p>