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
China
January 2022
Lyle L. Jones, Genesus Director of Sales, China
Normally, this is a time when the demand for pork increases and hog prices reach their peak for the year. Consumers are busy stocking up on their beloved...
Farmscape for January 12, 2022
Full Interview 8:32
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The Director of Risk Management with HAMS Marketing Services says the impact of the global pandemic on pork processing capacity is one of the biggest factors driving hog markets. In late...
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December 2021
As we enter the third year of the COVID-19 pandemic, the virus is still in control of the economy. However, labor and supply chain challenges should improve slowly through the year, while cost inflation will...
Chicago Mercantile Exchange live cattle and lean hog futures fell on Friday as sluggish slaughter rates continue to drag on prices, traders said.
"They're both facing the same fundamental music – this slaughter disruption due to weather, labor tightness and...
Margins strengthened over the second half of December as higher hog prices more than offset the impact from rising feed costs. USDA’s Quarterly Hogs and Pigs report was bullish and helped to support the market while ongoing concerns over...
January 2022
by Philippe Mallétroit, Director France, Genesus
For 2021 the average hog price was 1,332 € per kg carcass, down 4.2% from 2020, but also below the average of the previous five years (2016-2020).
Average hog price (€/kg carcass)
2016
2017
2018
2019
2020
Average 2016-2020
2021
1,293
1,370
1,196
1,496
1,390
1.349
1,332
The current...
"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...
Chicago Mercantile Exchange livestock futures climbed on Wednesday, as cash cattle prices firmed on concerns around meat supplies to meet anticipated demand going into next year, traders said.
Cattle futures ended higher, as beef carcass cutout prices continued to firm...
Genesus Global Market Report
Canada - Counting Our Blessings
December 2021
by Bob Fraser, Sales & Service, Genesus Inc.
bfraser@genesus.com
For 2021 the challenges of Covid, labour and getting your hogs slaughtered in a timely manner continued and here in much of Canada (Ontario)...