Chicago Mercantile Exchange cattle futures tumbled on Monday as investors reduced risk and after the U.S. Department of Agriculture (USDA) last week confirmed producers placed more animals into feedlots in December, analysts said.
The USDA said cattle producers placed 1.96...
To “Read” Walt’s charts, keep the following in mind:
Support – this term refers to a trend line or price area under the market which is expected to hold the market from potential decline.
Resistance- a price area or trend line...
Genesus Global Market Report
Mexico
January 2022
By Fernando Ortiz, Ibero-America Business Development Manager
fortiz@genesus.com
In the first two weeks of January, there has been a drop in prices of live pigs in Mexico of 8.0%. Although it is true that the producers still...
Margins continued to strengthen starting off the first half of January as hog prices were steady to higher while the feed market posted a mild correction. The recent USDA WASDE did lower crop production in South America as expected,...
Chicago Mercantile Exchange lean hog futures bounced back on Friday, though analysts said U.S. staffing shortages caused by COVID-19 infections continued to limit meat production.
Most actively traded February lean hogs touched a one-week high and ended 3.050 cents stronger...
Having been in line with 2020 in the third quarter of 2021, EU pig slaughter was also relatively stable in October. At 20.6 million head, slaughter was similar to much of 2021 and less than 3% lower than in...
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By Brian Earnest , Tanner Ehmke , Rob Fox , Dan Kowalski , Christina Pope , Teri Viswanath and Kenneth Scott Zuckerberg
January 2022
Against all hope for a better start to 2022, omicron has crashed the New...
To “Read” Walt’s charts, keep the following in mind:
Support – this term refers to a trend line or price area under the market which is expected to hold the market from potential decline.
Resistance- a price area or trend line...
Genesus Global Market Report
China
January 2022
Lyle L. Jones, Genesus Director of Sales, China
Normally, this is a time when the demand for pork increases and hog prices reach their peak for the year. Consumers are busy stocking up on their beloved...
Farmscape for January 12, 2022
Full Interview 8:32
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The Director of Risk Management with HAMS Marketing Services says the impact of the global pandemic on pork processing capacity is one of the biggest factors driving hog markets. In late...