2018 proved to be a big year for global tariffs. The trade standoff between the U.S. and China had a significant impact on international markets, affecting everything from agriculture to automobiles. The pork market was among the hardest hit.
The number of global geopolitical/economic flashpoints has expanded dramatically,Given the ongoing gains in US equities, unrelenting strength in crude oil prices, and a lack of sustained concern over the possible derailment of the global economy by US/China trade salvos, one gets the sense that…
Below is how the weekly product market changed for the week ending 9/8/17. *Product Price Tuesday 9/5 Price Friday 9/8 Net Change Loins 82.30 83.27 .97 Butts 95.04 92.55 (2.49) Picnic 57.00 55.55 (1.45) Rib 133.16 127.52 (5.64) Ham 71.42 71.30 (.12) Belly 127.87 115.16 (12.71) Carcass Cutout 84.96 82.12 (2.84) * National Carcass Base… Read more.
The product market has turned, and the live hog prices are following them. Below is how the weekly product market changed for the week ending 8/18/ 17 *Product Price Monday 8/14 Price Friday 8/18 Net Change Loins 82.71 81.80 (.91) Butts 92.05 93.12 1.07 Picnic 58.98 54.54 (4.44) Rib 128.35… Read more.
Here is an abbreviated version of the weekly pork report. The full report will be back next week. Below is how the weekly product market changed for the week ending 7/21. *Product Price on Monday 7/17 Price as of Friday 7/21 Change Loin 95.88 92.69 (3.19) Butt 103.44 … Read more.
We will offer an analysis of the June Hog and Pig crop report that came out this past Thursday and what we believe it means to live hog futures going forward. First, let’s look at what happened with the live hog and product market this past week. Here is a summary of Pork Carcass cutout… Read more.
After this past week we think it has become evident that the price of the live hog futures are having a very difficult time in keeping up with the ever increasing product market as well as with the live hog market.
In this week’s hog commentary we want to compare the projected pork primal price changes mentioned in last week’s newsletter with how the five primal cuts actually closed out this week. We projected the loins would be toppy. They closed out Friday 6/2 at 90.88 but finished the week ending 6/9 at 91.99. hardly weaker… Read more.
Hello everyone! Welcome to edition #1 of what we hope will be the first of a long line of the newest newsletter to come from Daniels Trading and Daniels Ag Marketing. It’s called The Swine Times, and it will be dedicated to helping folks speculate and form fundamental opinions in the Lean Hog markets. By… Read more.