Exports of U.S. beef continued to build momentum in July, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Pork exports were also well above year-ago levels in July, led by a value...
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...
Genesus Global Market Report
Mexico
September 2024
Fernando Ortiz-H. Ibero-American Business Development
The national average price index remains at $39.34 Mexican pesos/kg (US$0.89/lb), indicating that during the last six months of 2024, there has been steadiness in the liveweight price in the Mexican...
U.S. Agricultural Exports
Pork Exports:
Forecasted to increase by $300 million to $7.4 billion in fiscal year (FY) 2025.
Growth is driven by firm international prices, ample domestic supplies, and increased market share in countries like South Korea and...
Spencer Long, Genesus Director of Marketing
The summer months continue to not bring much positivity to the Canadian pork industry. Prices remain annoyingly low; large quantities of hogs continue flowing south of the border to be harvested. Between January and...
The latest report for the week ending August 27, 2024, indicates a general decline in cash hog prices across multiple regions, with some exceptions. National cash hog prices showed mid-week increases, but overall, there was a drop of $4-$6...
USDA thinks pork production in 2025 will increase 1.7% from a year ago. Lower feed costs should help bolster production, but much will depend on the breeding herd in September and December as productivity rate returns to long term...
Summary:
The latest Weekly Hog Market Facts report, compiled by Jaydee Smith, Swine Specialist at OMAFA, provides an overview of market trends as of August 23, 2024. The report highlights several key trends:
Ontario Market Prices: The 100% Base Formula...
"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...
Philippe Mallétroit – Director for France and Africa
Hog market price
After a market very quiet in Europe in June, the pork price in Germany fell sharply by 10 cents per kg during the first week of July. This has led...