U.S. red meat exports ended the first quarter on a very high note, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF), with March beef and pork exports each posting the highest monthly...
Chicago Mercantile Exchange lean hog futures extended a sharp rally on Wednesday, touching contract highs for the fourth consecutive day on limited supplies and strong pork prices. U.S. pork demand is strong as sales have benefited after households received additional...
Margins strengthened over the second half of April as soaring hog prices more than made up for a significant increase in feed costs since the middle of the month. The hog market continues to be supported by strong demand...
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...
Genesus Global Market Report China, April 2021 Lyle L. Jones, Director of Sales China, Genesus Inc. What is the current Market Outlook in China? There are a lot of confusing circumstances in China's pork industry at this moment as one only has to...
Lean hogs continue climbing higher as pork demand is set to strengthen heading into the summer, while supply remains tight. “You’re drawing down against current production, you don’t have any cushion in the cold storage and we’re going to get...
Mercedes Vega General Director for Spain, Italy & Portugal mvega@genesus.com We started the year with the lowest price in the last 5 years; 15 weeks later, has reached the highest value of the same period with an increase of 33.21%. We have...
Margins weakened over the first half of April as a selloff in hogs combined with a resumption of higher trade in feed markets to depress forward profitability. The hog market has been quite strong lately, with much of the...
ME Group live cattle futures fell on Monday, extending their slide to eight straight sessions on long liquidation and signs that surging wholesale beef prices may have reached a seasonal top, analysts said. Feeder cattle futures felt additional pressure from...
To view the complete report, click here. The Livestock, Dairy, and Poultry Outlook for April 2021 analyzes economic impacts of month-to-month changes in USDA's World Agricultural Supply and Use Estimates Report on domestic and international markets for beef, pork, lamb,...
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