A gap is a hole in prices which occurs when the current day’s high is below the previous day’s low or when the current days low is above the previous day’s high. Gaps indicate a sudden change of direction...
The USDA ERS July 2024 report indicates a slight increase in U.S. pork production, driven by higher hog slaughter rates and heavier carcass weights. Pork exports are forecasted to rise due to robust demand from key markets, while imports...
Summary:
The Weekly Hog Market Facts report, compiled by Jaydee Smith, provides a detailed analysis of the hog market for the week ending July 19, 2024. Key highlights include:
Ontario Market: The 100% Base Formula Price increased to $220.83/cwt. The...
Simon Grey, General Manager Europe, Genesus
Pig prices across Europe remain high enough for pig farming to remain profitable. As always when this is the case pig farmers are happy. What is the only thing we can know from this...
Margins deteriorated over the first half of July as a sharp decline in hog prices more than offset a similar selloff in the feed markets. Pork exports which have been a bright spot so far this year have started...
The USDA's latest World Agricultural Supply and Demand Estimates report offers detailed insights into the pork and hog markets for 2024 and 2025.
Pork Production:
2024: Pork production is forecasted to increase due to higher weights in the second half...
Ontario Market:
Base Formula Price: Decreased from $227.46 (June 14) to $218.33 per ckg.
Previous Year's Price: $238.86 per ckg.
Average Price: $255.12 per ckg.
Low Price: $231.70 per ckg.
High Price: $278.50 per ckg.
Weekly Average Dressed Weight:...
Fernando Ortiz, Genesus, Ibero-America Business Development Manager
Mexican Pork Market Prices Trend (Last Month)
The national average liveweight price has reacted positively in recent weeks, positioning itself at 48.70 pesos/kg ($1.24/lb), with peaks of 51 pesos ($1.30/lb) in the States of...
Spencer Long, Director of Marketing Genesus
The early summer months have not brought relief to an already beleaguered Canadian pork industry. The futures do not look positive, and the issue in the eastern part of Canada for shackle space persists...
Overview of Production and Prices
In May, the average dressed weights of hogs remained above last year's levels, showing no signs of the usual seasonal decline. Despite a slight decrease in hog slaughter numbers, estimated federally inspected (FI) pork production...