Margins deteriorated over the first half of May on a combination of lower hog prices and higher projected feed costs. Massive commodity fund short covering in corn and the soybean complex following record flooding in southern Brazil caused both...
The national average liveweight price in Mexico is MX$36.70/kg (US$0.98/lb).
JALISCO $35.20/kg (US$0.94/lb)
GUANAJUATO $35.75/kg (US$0.96/lb)
YUCATÁN $46.00/kg (UD$1.23/lb)
SONORA $29.83/kg (USD$0.79/lb)
Mexican Pork Industry Vision Ahead
The Mexican Pork Producers Organization (Opormex) has recently presented its Vision 2035, marking a significant step for...
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...
Live Cattle futures and Lean Hog futures trade lower. Feeder Cattle futures firm up. Virginia McGathey has more. Learn More: https://www.cmegroup.com/markets/agri...
Livestock futures rally across the board, with June Live Cattle futures closing up 65 cents.
Oliver Sloup discusses. Learn More: https://www.cmegroup.com/markets/agri...
James Mintert and Michael Langemeier, Purdue Center for Commercial Agriculture
A breakdown on the Purdue/CME Group Ag Economy Barometer April results can be viewed at https://purdue.ag/barometervideo. Find the audio podcast discussion for insight on this month’s sentiment at https://purdue.ag/agcast.
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Higher pork exports in Q1 resulted in a 1.7% decline in domestic availability despite higher slaughter/production.
Highlights
Higher pork exports in Q1 resulted in a 1.7% decline in domestic availability despite higher slaughter/production.
Lean hog futures have declined in the...
Chicago Mercantile Exchange (CME) cattle futures experienced a tumultuous week, with Friday seeing a stabilization following US testing of ground beef samples for H5N1 avian influenza. Despite this, markets closed lower for the week, according to Reuters.
The week began...
Margins were flat to slightly weaker over the second half of April as the feed markets firmed while trade in hogs was volatile. Unfavorable biodiesel margins have slowed or halted expansion plans for several soybean processors which has forced...
Philippe Mallétroit – Director for France and Africa
Pig inventory in Europe
IFIP (French Pig Institute) recently published an article about pig inventory in Europe at the end of 2023. After a massive decapitalization these last two years, following shutdown of...