A spread chart depicts the difference between two contacts or different months of the same contract.
Walt Breitinger, Paragon Investments, Inc.
DBA Breitinger & Sons, Commodity Futures Brokers
800.411.FUTURES (3888)
www.indianafutures.com
Genesus Global Market Report Europe
February 2024
Simon Grey General Manager Europe, Genesus Inc.
We are our own worst enemies!!!
Anyone looking at the weekly global market report from another industry would ask “why would anyone be a pig farmer?” Week after week...
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...
Margins continued to improve over the second half of January as hogs rallied while projected feed costs held steady. Hog slaughter and pork production have started the year well below 2023 which has caused shortages in the spot market...
In the recently published AHDB quarterly report for Q4 2023, a detailed analysis of the cost of production and margins in the pork industry has been revealed.
The cost of production for Q4 2023 is estimated at 195p/kg deadweight, maintaining...
Fernando Ortiz-H. Ibero-America Business Development
fortiz@genesus.com
Markets
Liveweight hog prices in the Mexican market
The national average price of liveweight pigs has been lowered in the first weeks of 2024 by 4.21%, reaching 33.34 pesos/kg (USD 88 cent. /lb) compared to 34.85 pesos/kg...
A trend should be assumed to continue in effect until such time as its reversal has been signaled...
-Charles Dow
In the last four weeks hog slaughter is down 2.3% lower than a year ago, and that’s after a 2.7M week last week. Spot supply has been tight following holiday and winter weather disruptions and it will take some...
The pork market recently encountered significant challenges as a result of a seasonal slowdown coupled with harsh winter weather, according to a comprehensive analysis by the Daily Livestock Report (DLR).
Processing plants grappled with closures triggered by transportation difficulties, impacting...
Alan Bentley, Sales & Technical Manager
I asked Jim Long, and he consented, if I could write a commentary besides my normally scheduled one. I had a lot of responses from my last comments. All the comments I received were...