Pork/Hogs: The first-quarter commercial pork production is raised 30 million pounds to 7.2 billion pounds on higher-than-expected February production. Total 2024 commercial pork production is expected to be 27.9 billion pounds, up 2.2 percent from a year ago. Live
equivalent...
Livestock futures gain across the board on Monday. Virginia McGathey examines.
A spread chart depicts the difference between two contacts or different months of the same contract.
Regards,
Walt Breitinger, Paragon Investments, Inc.
DBA Breitinger & Sons, Commodity Futures Brokers
800.411.FUTURES (3888)
www.indianafutures.com
Spencer Long, Director of Marketing Genesus
The Canadian inventory of all hogs and pigs was reported for January 1, 2024. The report shows it is down 1 percent from January 1, 2023, and down 3 percent from January 1, 2022....
Hog supplies expected to be higher y/y through spring and early summer, but supply risk is skewed to the downside considering cuts to the breeding herd and uncertainty about productivity growth going forward.
Highlights
Hog supplies expected to be higher...
Philippe Mallétroit – Director for France and Africa
Hog Market
After two years of decline, the European pig inventory is stable. Due to excess slaughter capacity, slaughterhouses compete vigorously to meet their pork needs. Pork will be more expensive in...
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, ...
Title: Market Dynamics Shift as Lean Hog Futures Experience Retreat from Recent Highs, While Cattle Futures Forge Ahead
In a recent turn of events at the Chicago Mercantile Exchange (CME), lean hog futures witnessed a decline after reaching contract highs...
Lyle L. Jones, Director of Sales, China
What’s going on in the China Hog Market.
There is no more important holiday in China than Chinese New Year (February 10th) and Spring Festival. Normally, Chinese consumers stock up on pork for the...
Supply of pork in cold storage at the end of January was 10% lower than a year ago and like the tight inventory situation we experienced in 2021 and 2022.
Highlights
Supply of pork in cold storage at the end...