Source: USDA news release
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The Livestock, Dairy, and Poultry Outlook for August 2021 analyzes economic impacts on animal product markets of month-to-month changes in USDA's World Agricultural Supply and Use Estimates report.
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...
Lyle L. Jones, Director of Sales China, Genesus Inc.
After bottoming out at 13.76 yuan/kg., ($0.96/lb.) in the fourth week of June, China’s pig prices quickly rebounded to 15.58 yuan/kg ($1.09/lb.), but have flatted out since, with only slight fluctuations.
Inventory
Official...
Margins weakened over the first half of August as hog prices slid while feed markets advanced. Strength in the pork cutout continues to support CME Lean Hog futures although concerns linger in the market with ASF now confirmed in...