Farmscape for March 29, 2021 Full Interview 8:53 Listen The Director of Risk Management with HAMS Marketing Services says tighter U.S. hog supplies can be expected to improve the profit potential for pork producers throughout the spring and summer. The...
Benchmark live cattle futures on the Chicago Mercantile Exchange climbed to a contract high on Monday, led by firming wholesale beef prices as the summer grilling season approaches with the U.S. economy seems poised to rebound from the coronavirus...
The recently released USDA Cold Storage stocks report showed February 2021 ending stocks of pork in the United States at 491 million pounds, more than 24 percent below levels in February 2020. With USDA forecasting 2021 hog prices to average...
Source: USDA news release Washington - As of March 1, there were 74.8 million hogs and pigs on U.S. farms, down 2% from March 2020, and down 3% from December 1, 2020, according to the Quarterly Hogs and Pigs report published...
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...
African swine fever is actively influencing pork markets around the world, creating many areas of uncertainty – mainly in China, but also in Germany – which will not be resolved quickly. The implications of ASF for world pork trade...
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 above the market that is expected to prevent...
Margins improved further over the first half of March on a continuation of higher hog prices against steady feed costs from spot to deferred marketing periods. Hog futures have experienced ongoing support from strong demand and high pork cutout...
Simon Grey General Manager Russia, CIS, and Europe, Genesus Inc. Current Russian pig price is 122 Roubles ($1.67) per live kg, including 10% VAT. Lent is just starting in Russia so price is as normal expected to fall to about 112...
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...
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