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, ...
Mercedes Vega
General Director for Spain, Italy & Portugal, Genesus Inc.
When I wrote my last report, I sincerely believed that the European swine industry is going thru the worst possible scenario; but evidently, I was wrong. I ended previous report...
As of March 1, there were 72.2 million hogs and pigs on U.S. farms, down 2% from March 2021 and down 3% from Dec. 1, 2021, according to the Quarterly Hogs and Pigs report published today by the U.S....
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...
Benchmark June lean hog futures on the Chicago Mercantile Exchange rose on Monday, setting a life-of-contract high on firm cash hog prices and expectations of tightening supplies.
CME June hogs settled up 0.200 cent at 126.050 cents per pound, paring...
Paul A. Anderson
General Manager South East Asia / International Sales Manager, Genesus Inc.
Philippines
Average live weight prices (national) seem to be on an upward trend from January to this writing. Price for the locally produced pork seemed to hold for...
Chicago Mercantile Exchange cattle futures fell on Monday as traders took positions ahead of a U.S. government report later this week that was expected to show burgeoning supplies.
“There is a little bit of concern about excess supplies and large...
Bright spots for January pork exports include Mexico, Korea, Dominican Republic
Last year Mexico reclaimed its position as the leading destination for U.S. pork exports, taking nearly 875,000 mt valued at $1.68 billion. This strong performance continued in January, with...
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...
Chicago Mercantile Exchange lean hogs and feeder cattle futures fell on Thursday on a flurry of technical trading, as feed prices rebounded and investors scrambled to find stable footing amid continued volatility in the commodity markets.
Live cattle inched up,...