A price channel consists of two parallel trend-lines providing support (bottom) and resistance (top) lines that contain price fluctuations. Channels may be bullish (slanting upwards), bearish (slanting downwards), or neutral (horizontal). If you know others who would like to...
Margins continued to strengthen over the first half of February as a further surge in hog prices more than offset a similar climb in projected feed costs. Both cash hog prices and pork cutout remain supported by weekly slaughter...
Markets and Where Are We Heading
February 2022
By Allan Bentley, Sales, Genesus Genetics Inc.
I said it in December, summer hogs are going to hit $120. I still see nothing that is going to change my mind. Disease hits every year...
Chicago Mercantile Exchange hog futures firmed on Wednesday, with concerns about processing margins seen limiting supplies in the coming months.
“High feed costs and low prices there have production margins as poor as they’ve been in at least eight years,”...
Source: Barchart
Pork is a staple for people worldwide. While some religions ban pork consumption, the meat remains a very popular item on restaurant menus and at-home dining. China is the world’s most populous country and the leading pork consumer....
Chicago Mercantile Exchange live cattle futures weakened on Friday as the market retreated from contract highs hit this week.
Profit-taking weighed on futures prices, though the market remains supported by strong demand for cattle from meatpackers, traders said.
Packers like Tyson...
Genesus Global Market Report China
February 2022
By Lyle L. Jones, Director of Sales for China, Genesus Inc.
China’s all-important Spring Festival has just passed and pork producers are looking forward to better times in the Year of the Tiger.
On the last...
Margins surged over the second half of January as a continued rise in hog prices more than offset an increase in projected feed costs in forward marketing periods. Both cash hogs and pork continue to be supported by strong...
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, ...
Genesus Global Market Report
Spain
February 2022
Mercedes Vega
General Director for Spain, Italy & Portugal, Genesus Inc.
mvega@genesus.com
According to end of 2021 provisional data, despite the year-end debacle (December 21, Mercolleida at 1.02 €/kg live weight with a production cost of 1.32 €/kg,...