News - HAMS Marketing Services

The Director of Risk Management with h@ms Marketing Services is advising pork producers to take advantage of profitable futures prices by forward contracting a limited portion of their production.

H@ms Marketing Services reports improved pork demand in regions South Korea and South America have helped offset lower movements of U.S. pork into China and Mexico.

Despite the new North American Trade Agreement, tariffs on U.S. pork remain an issue for U.S. and Canadian pork producers.

H@ms Marketing Services says the new United States-Mexico-Canada Agreement has improved confidence in the hog market although it doesn’t address the main tariff issues.

The Director of Risk Management with h@ms Marketing Services says hog markets remain very dynamic and unpredictable.

H@ms Marketing Services says the biggest factor that will pressure live hog prices over the next six months will be the large available supply of U.S. pork.

Higher anticipated U.S. pork production combined with uncertain export demand is expected to put increasing downward pressure on live hog prices heading toward the fourth quarter.

In the face of a possible softening pork demand pork producers are being advised to seize any opportunity to protect themselves during price rallies by forward contracting their production.

The Director of Risk Management with h@ms Marketing Services blames larger than normal U.S. hog supplies for a later start to the typical rally in live hog prices.

H@ms Marketing Services reports the typical spring rally has begun in live hog prices.