Title: Market Dynamics Shift as Lean Hog Futures Experience Retreat from Recent Highs, While Cattle Futures Forge Ahead
In a recent turn of events at the Chicago Mercantile Exchange (CME), lean hog futures witnessed a decline after reaching contract highs...
Lyle L. Jones, Director of Sales, China
What’s going on in the China Hog Market.
There is no more important holiday in China than Chinese New Year (February 10th) and Spring Festival. Normally, Chinese consumers stock up on pork for the...
Supply of pork in cold storage at the end of January was 10% lower than a year ago and like the tight inventory situation we experienced in 2021 and 2022.
Highlights
Supply of pork in cold storage at the end...
In a noteworthy development, swine futures took the spotlight on Friday as Chicago Mercantile Exchange (CME) hog prices extended their rally for a seventh consecutive session. Traders pointed to robust cash hog prices and intriguing market dynamics as key...
Mercedes Vega, General Director for Spain, Italy & Portugal
mvega@genesus.com
We have closed the year 2023 and certainly, its results have had nothing to do with those of 2022.
It has been an excellent year for production:
Source: SIP Consultors
We have had...
In January 2024, the swine industry witnessed a remarkable shift, with pork belly prices driving the estimated wholesale carcass cutout to levels surpassing the previous year. This surge, not observed since December 2022, propelled the average cutout value to...
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...
Paul Anderson, Genesus Southeast Asia
paul.anderson_genesussoutheastasia@outlook.com
Philippines
The Philippines local swine industry is on-track in increasing the local pork supply in the country as the repopulation of swine farms is set to increase and continue in the coming months.
It’s no secret that...
Pork supply has recovered, with slaughter over 2.6M consistently in the last four weeks. Since December 1 slaughter is up by more than 3% y/y, double the rate of increase indicated by the inventory survey.
Steiner and Company produces the...
2023 Sets New Records in Pork Exports
Pork exports experienced a remarkable surge in December 2023, contributing to a historic year for the industry. The National Pork Producers Council (NPPC) reported a remarkable 10% increase from the previous year, reaching...