Chicago Mercantile Exchange hog futures firmed on Wednesday, with concerns about processing margins seen limiting supplies in the coming months.
“High feed costs and low prices there have production margins as poor as they’ve been in at least eight years,”...
Source: Barchart
Pork is a staple for people worldwide. While some religions ban pork consumption, the meat remains a very popular item on restaurant menus and at-home dining. China is the world’s most populous country and the leading pork consumer....
Chicago Mercantile Exchange live cattle futures weakened on Friday as the market retreated from contract highs hit this week.
Profit-taking weighed on futures prices, though the market remains supported by strong demand for cattle from meatpackers, traders said.
Packers like Tyson...
Genesus Global Market Report China
February 2022
By Lyle L. Jones, Director of Sales for China, Genesus Inc.
China’s all-important Spring Festival has just passed and pork producers are looking forward to better times in the Year of the Tiger.
On the last...
Margins surged over the second half of January as a continued rise in hog prices more than offset an increase in projected feed costs in forward marketing periods. Both cash hogs and pork continue to be supported by strong...
Market showing signs of a change of direction. Outside days, reversals, & breaking trend lines could contribute evidence of the turn. Increasing volume would confirm the change whereas decreasing volume would indicate the move is temporary.
Walt Breitinger,
Breitinger & Sons, ...
Genesus Global Market Report
Spain
February 2022
Mercedes Vega
General Director for Spain, Italy & Portugal, Genesus Inc.
mvega@genesus.com
According to end of 2021 provisional data, despite the year-end debacle (December 21, Mercolleida at 1.02 €/kg live weight with a production cost of 1.32 €/kg,...
The main challenges in 2022 remain Covid and ASF
According to the latest pork report from Rabobank, Covid will continue to challenge pork supply chains and consumers in various ways, affecting both production and demand. The slowing global economy will...
Collectively, Iowa, Kansas, Missouri, and Nebraska compose the largest hog processing region in the United States. More than 40 percent of all U.S. hogs are processed within the borders of this four-State area USDA's National Agricultural Statistics Service (NASS)...
Genesus Global Market Report
South-East Asia
January 2022
Paul A. Anderson
General Manager South-East Asia/ International Sales Manager, Genesus Inc.
Philippines
Price
Philippines’ 2021 average price for market hogs was 184.92 PHP (USD 3.60) per kg live weight. As of January 17th, 2022, according...