Spencer Long, Genesus Director of Marketing
The tribulations of this industry seemingly continue unabated until we fix the very problem we all know exists but seemingly refuse to change. US pork consumption has decreased and been flatline since the 1970s...
Futures have rallied the last two weeks as market participants now expect Q4 production to be less than previously thought. USDA ‘Hogs and Pigs’ survey suggested Sep-Nov slaughter could be up as much as 4% y/y. Instead slaughter since...
Economists recently analyzed the third-quarter USDA Hogs and Pigs Report during a National Pork Board webinar held on September 26, providing key updates on the current state of the global pork industry.
US Hog Inventory Insights
Lee Schulz, professor of economics...
Cash Hog Prices: Mixed movement with regional markets increasing by approximately $0.70/cwt, while national prices fell by $0.30/cwt. CME cash was narrowly down, ending 25 cents lower week-over-week. Wholesale pork primals were stable, with US pork cutout unchanged.
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Lyle Jones, Genesus China Sales Manager
The average weekly price of live pigs in China has been declining for three weeks in a row, settling in at 18.01 yuan/kg ($1.14/lb.) on September 27, 2024, representing a 4.5% drop in pig...
Margins were steady to slightly higher over the second half of September as rising hog prices more than offset increasing feed costs. USDA released the September Hogs and Pigs report which was considered largely neutral based on the headline...
In September, the Purdue University/CME Group Ag Economy Barometer recorded its lowest readings since March 2016. Declining income expectations pushed farmer sentiment down as the barometer fell 12 points to 88, and the Index of Future Expectations dropped 14...
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...
Weekly Hog Prices
Cash hogs were mostly lower to start the week with select markets picking up strength Thursday limiting losses. CME cash was narrowly higher ending the week within 50 cents of the prior Friday's close. Wholesale pork primals...
Mercedes Vega, General Director for Spain, Italy & Portugal
mvega@genesus.com
Autumn has just arrived, and Spain continues to have pork prices above the rest of the EU. Last Thursday, the Mercolleida market closed at €1.704/kg of live weight.
Source: Mercolleida
Prices are slowly...