Livestock analyst Jim Wyckoff stories on international pig information
27 June 2025
3 minute learn
The lean hog futures market stays very strong from a technical perspective as costs are trending up on the each day bar chart, with no early clues of a market prime being shut at hand. Hog futures have additionally been supported lately by constructing positive factors within the CME lean hog index. The index was up one other 89 cents to $110.44 as of June 23–at the best degree since August of 2022. The money hog index reveals no indicators of slowing down. Pork cutout values see bellies proceed to rise forward of anticipated bacon lettuce tomato (BLT) options the subsequent couple months.Newest USDA and different information concerning the worldwide pork business
Newest USDA and different information concerning the worldwide pork business
US commerce offers on maintain pending GOP tax-and-spending invoice
The Trump administration is delaying the announcement of latest commerce offers till Congress passes the Republicans’ huge tax and spending invoice, based on Nationwide Financial Council Director Kevin Hassett. The so-called “megabill,” presently the topic of heated negotiations, consists of main tax cuts and spending provisions and is anticipated to be finalized across the July 4th congressional recess. Hassett mentioned the administration is “very shut” to finalizing commerce preparations with a number of nations however is intentionally holding off till the tax invoice is enacted. Treasury Secretary Scott Bessent echoed the technique, arguing {that a} secure home tax atmosphere will strengthen the U.S. place in international commerce negotiations and supply better certainty to American companies. Passage of the invoice is seen as a prerequisite for unlocking commerce agreements with nations together with India, Japan, and Vietnam, and for addressing points corresponding to digital taxes on U.S. companies overseas. As soon as the invoice passes, officers say a wave of commerce deal bulletins is anticipated, probably reshaping the U.S. financial panorama and its international alliances.
Nebraska meatpacking plant bets on People as immigration crackdown tightens
New facility provides increased wages, daytime shifts, and higher circumstances to draw native staff amid labor shortages
A brand new $400 million meatpacking plant in North Platte, Nebraska, “ is providing $22-an-hour beginning pay, medical health insurance, ergonomic workstations, and a single daytime shift in hopes of attracting American staff as immigration restrictions cut back the standard labor pool, the Wall Road Journal stories.
Sustainable Beef’s opening is an enormous guess for a city hit by years of job losses and declining inhabitants.
“We wanted to do one thing to remain related,” metropolis council member Pete Volz advised the Wall Road Journal. Over half of US front-line meatpacking staff are immigrants, however President Trump’s latest immigration crackdown – together with ending packages for migrants from Cuba, Haiti, Nicaragua, and Venezuela – is squeezing the workforce industrywide.
Some residents are cautious of demographic change and elevated crime, however the plant’s fashionable method goals to attract locals into jobs as soon as dominated by immigrants. “This isn’t the identical outdated meatpacking plant!” adverts proclaim.
Nonetheless, most harmful manufacturing jobs are crammed by Hispanic immigrants, many with prior expertise.
“Their response was, that’s beneath them. That’s a grimy job for immigrants,” mentioned native forklift driver Keenan Taylor, describing neighbors’ reluctance.
Sustainable Beef faces excessive cattle costs and difficult competitors from business giants like Tyson and JBS, however its founders hope improved work circumstances and native hiring will likely be a mannequin for the longer term. As co-founder Trey Wasserburger mentioned, “What we’re doing has by no means been finished earlier than.”
The following week’s possible high-low worth buying and selling ranges:
August lean hog futures–$108.45 to $115.00 and with a sideways-higher bias
July soybean meal futures–$270.00 to $290.00, and with a sideways bias
July corn futures–$4.00 to $4.25 and a sideways-lower bias
Newest analytical each day charts lean hog, soybean meal and corn futures
