Cold storage report bullish, with pork inventories down in February vs. previous month despite increase in production. Total inventory at the end of February was down 12% from a year ago.
Steiner and Company produces the Profit Maximizer report on...
March 2024
Fernando Ortiz-H., Genesus Ibero-America Business Development Manager
fortiz@genesus.com
Although some ag economists predict a growth of 3% in the Mexican pork industry, we believe that, even if there is an increase in productivity, with the current rate of sow liquidation,...
Margins were mixed over the first half of March, improving in nearby marketing periods and steady in deferred slots. Hog futures continued to push higher to start the month as demand indications have remained strong which has kept pork...
Pork/Hogs: The first-quarter commercial pork production is raised 30 million pounds to 7.2 billion pounds on higher-than-expected February production. Total 2024 commercial pork production is expected to be 27.9 billion pounds, up 2.2 percent from a year ago. Live
equivalent...
Livestock futures gain across the board on Monday. Virginia McGathey examines.
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
Spencer Long, Director of Marketing Genesus
The Canadian inventory of all hogs and pigs was reported for January 1, 2024. The report shows it is down 1 percent from January 1, 2023, and down 3 percent from January 1, 2022....
Hog supplies expected to be higher y/y through spring and early summer, but supply risk is skewed to the downside considering cuts to the breeding herd and uncertainty about productivity growth going forward.
Highlights
Hog supplies expected to be higher...
Philippe Mallétroit – Director for France and Africa
Hog Market
After two years of decline, the European pig inventory is stable. Due to excess slaughter capacity, slaughterhouses compete vigorously to meet their pork needs. Pork will be more expensive in...
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.
Walt Breitinger,
Breitinger & Sons, ...