Chicago Mercantile Exchange lean hog futures slipped on Tuesday, as uncertainty over Chinese pork demand continued and animal weights were expected to increase on cooling U.S. temperatures, analysts said.
Meanwhile, Chicago’s cattle futures firmed a bit on Tuesday, amid steady...
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, ...
CHINA -
Source: Dalian
Nationwide China
10/30/2021
16.33
10/29/2021
15.96
Pork prices: The wholesale price of white striped pigs in the fourth week of October monitored by the Ministry of Commerce changed from falling to rising. The price of live pigs has continued to rise sharply, and the consumption...
Global hog prices moved sharply lower, as the global recovery in production has outpaced the rebound in demand. The rapid decline in prices and resulting producer losses in some markets will slow 2022 herd growth, helping offset improved herd...
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).
Walt Breitinger, Paragon Investments, Inc.
DBA Breitinger & Sons, Commodity...
Simon Grey
General Manager Russia, CIS and Europe, Genesus Inc.
Current pig price in Russia remains good at 133.2 Roubles per live kg (US$1.91). There continue to be outbreaks of ASF in commercial farms that take some pigs off the market...
Source: Farm Policy News
In an update from the Federal Reserve Bank of Kansas City earlier this month (“Larger Livestock Loans Boost Farm Lending“), Nathan Kauffman and Ty Kreitman stated that, “Demand for livestock loans grew in the third quarter, boosting...
Source: Bloomberg
Live pig futures in China, the world’s biggest hog producer, surged by their daily limit to the strongest level in two months amid optimism over a seasonal increase in demand. Apple futures jumped to their highest in a...
Allan Bentley, Sales, Genesus Inc.
abentley@genesus.com
Futures have slipped with over $10/cwt. My chart-watching friends have told me the fact that a gap has occurred after the last report and we are now back at pre-report levels, is not a good...
"Charting is a little like surfing. You don't have to know a lot about the physics of tides, resonance, and fluid dynamics in order to catch a good wave. You just have to be able to sense when it's...