"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...
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, ...
Spencer Long of Genesus
The Canadian crop outlook for 2023 is looking promising with a projection of the second largest wheat crop in history. Foreign Agricultural Service (FAS) of the U.S. Department of Agriculture report a projected output at 35.8...
Philippe Mallétroit, Genesus Director France
Hog Market price: stable trend
Last week the general trend on the pig markets in Europe was rather stable on the prices while supply needs will gradually decrease during the holiday season. Slaughterings have been relatively...
Simon Grey, General Manager Europe
Pig price across Europe is falling back from the highs we sew in the middle of the year. However, across Europe pig price remains high enough for pig production to be profitable and therefore sustainable!!
Profitability...
Bear flags are often highlighted as indications of small corrective moves in an otherwise larger price trend.
Walt Breitinger
Breitinger & Sons, Commodity Futures Brokers
800.411.FUTURES (3888)
www.indianafutures.com
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...
Hog slaughter was lower than the previous week but for the next 6-7 weeks slaughter should hover around 2.6 million head, helping bolster supply and pressure prices lower. Futures were lower earlier in the week, largely a knee-jerk reaction...
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...