If you would like to receive more information on the commodity markets, please use the link to join our email list – Sign Up Now
For those interested I hold a weekly livestock webinar on Tuesdays and my next webinar...
Margins deteriorated over the first half of November, particularly in nearby marketing periods, as hog prices declined while projected feed costs were mixed with corn slightly higher and soybean meal lower. CME Lean Hog futures succumbed to pressure from...
The USDA’s November 2024 Livestock, Dairy, and Poultry Outlook delivers critical insights into the swine industry, covering production, pricing, and export trends as the year winds down. Here’s a full breakdown of the latest developments and projections.
Production Trends
Fourth-Quarter...
Ontario Market Overview:
Base Formula Price: Rose slightly to $227.02 per ckg, up from $226.88 the previous week.
Average Dressed Weight: Slightly declined to 106.56 kg.
Weaned Pig Value: Increased to $59.03 per pig.
Feeder Pig Value: Reached $93.65...
On Friday, Chicago Mercantile Exchange (CME) lean hog futures dipped due to technical selling and a drop in pork cutout values. December lean hog futures (LHZ24) fell by 0.600 cents to 79.500 cents per pound. The decline in pork...
If you would like to receive more information on the commodity markets, please use the link to join our email list – Sign Up Now
For those interested I hold a weekly livestock webinar on Tuesdays and my next webinar...
If you would like to receive more information on the commodity markets, please use the link to join our email list – Sign Up Now
For those interested I hold a weekly livestock webinar on Tuesdays and my next webinar...
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, Commodity Futures...
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...
Farmscape for November 12, 2024
Full Interview 5:07
Listen
A Guelph based hog market analyst is forecasting a modest increase in Canadian pork production in 2025 and higher prices.
“The Competitive Status of the Canadian Pork Industry,” was the topic...