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.
The quarterly survey of hog operations suggests that pork supply in 2024 will be modestly higher than in 2023. The breeding herd inventory is down 2% from a year ago but the reduction has been more than offset by...
Fueled by growth in the Western Hemisphere, South Korea and Australia, U.S. pork exports posted another excellent performance in February, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Beef export volume was...
In a persistent upward trend, lean hog futures on the Chicago Mercantile Exchange (CME) continued their ascent for the fourth consecutive session, reaching contract highs for several months, driven by robust demand for pork.
Amidst escalating demand, the US Department...
Paul Anderson, Genesus Southeast Asia
Paul.Anderson_GenesusSoutheastAsia@outlook.com
Thailand
Thailand cuts supplies
Thailand planned to cut 450,000 piglets from March to August in a bid to boost a live pig price that has been falling below the cost for more than a year.
The Thai Swine...
"Charting is a little like surfing. You don't have to know a lot about the physics of tides, resonance, and fluid dynamics in order to catch a good wave. You just have to be able to sense when it's...
As of March 1, there were 74.6 million hogs and pigs on U.S. farms, up 1% from March 2023 but down 2% from Dec. 1, 2023, according to the Quarterly Hogs and Pigs report published today by the U.S....
Triangles may be outlined in order to indicate a contraction of highs and lows coiling for a later break-out in price direction.
Walt Breitinger, Paragon Investments, Inc.
DBA Breitinger & Sons, Commodity Futures Brokers
800.411.FUTURES (3888)
www.indianafutures.com
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
Simon Grey, General Manager Europe
Farm gate pig prices across Europe have increased very slightly over the past few weeks. Based upon the laws of supply and demand, this must mean demand continues to outstrip supply. Pig farming is currently...