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...
Weather disruptions resulted in lower slaughter early last week. However, with supply expected to recover this coming week, prices came under significant pressure last Thursday and Friday.
Highlights
Weather disruptions resulted in lower slaughter early last week. However, with supply...
The USDA's latest report on the U.S. pork industry projects a modest increase in pork production, primarily due to heavier hog weights and stable farrowing rates. Despite this production growth, the global export market presents challenges. Competitive pressures from...
Margins deteriorated over the first half of August as hog prices declined while the feed markets held steady. While hog futures appear to have stabilized and possibly found a near-term floor, there remains concern over demand moving forward with...
The latest Weekly Hog Market Facts report highlights key developments in the hog markets across Ontario, Canada, and the U.S. for the week ending August 16, 2024.
Ontario Market:
The 100% Base Formula Price dropped slightly to $224.03 per ckg,...
The Weekly Pork Price Summary for August 16, 2024, provides detailed USDA prices for various pork sub-primals, including butt, loin, ham, picnic, belly, trim, and spareribs. It compares current prices to the previous week and the same week from...
The latest hog market data for the week ending August 9, 2024, reveals mixed trends across the Ontario, Canadian, and U.S. markets:
Ontario Market:
The 100% Base Formula Price saw a slight dip, closing at $231.22 per ckg.
Average dressed...
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...
Hog prices saw improvements throughout the week, although national prices dipped towards the end. CME cash rose daily, and wholesale pork values fluctuated with notable increases in bellies. In Canada, hog prices increased by $4-$9 per hog, with significant...
Lyle Jones, China Sales Manager
As of August 5, 2024, China slaughter pig prices have soared to a new high of 20.66 yuan/kg ($1.31/lb.), up from its low for the year of 11.98 yuan/kg ($0.76/lb.) back on March 18, 2024....