U.S. pork exports topped year-ago totals for the second consecutive month in September, according to data released by USDA and compiled by the U.S. Meat Export Federation.
September pork exports were once again led by Mexico, though shipments slipped below...
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.charts.
Regards,
Walt Breitinger,
Breitinger & Sons, ...
A spread chart depicts the difference between two contacts or different months of the same contract.
Regards,
Walt Breitinger, Paragon Investments, Inc.
DBA Breitinger & Sons, Commodity Futures Brokers
800.411.FUTURES (3888)
www.indianafutures.com
The Weekly Pork Price Summary highlights USDA prices for pork sub-primals, including butt, loin, ham, picnic, belly, trim and spareribs. It is sent out weekly to subscribers, including retailer and foodservice procurement personnel. The data provided shows last week’s...
Margins weakened over the first half of August as hog prices slid while feed markets advanced. Strength in the pork cutout continues to support CME Lean Hog futures although concerns linger in the market with ASF now confirmed in...
The total number of pigs in the United States, recorded on 1 September, was 75.4 million head, according to the USDA. This is a reduction of 4% compared to the same date a year ago, but 1% more than...
Slides of January-November export highlights November exports of U.S. pork were the largest of 2022 in both volume and value, according to data released by USDA and compiled by USMEF. November beef exports were below the large year-ago totals,...
Chicago Mercantile Exchange cattle futures firmed on Wednesday, supported by tightening cattle supplies and strong cash trade that continue to push front-month futures to near 8-year highs.
“The cash price outlook right now is very firm,” said Doug Houghton, technical...
Margins deteriorated over the first half of October as a drop in hog prices more than offset the savings from steady to weaker projected feed costs, particularly in nearby marketing periods. CME hog futures have been pressured recently from...
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...