X-Trade Brokers  (X-Trade Brokers )
Commodities  |  October 04, 2011 16:23:18

Price of pig halves weakened at the beginning of week

Quarterly estimates of the number of swine slightly exceeded expectations, led to record gains but sentiment bearish on the market. According to the USDA, 1 September on American farms, 66.6 million pieces of swine 1% higher than the level a year ago and 385 000 over a five-year average. In the quarter to June, the herd numbered 64.7 million heads.

The market in the period from June to August a total of 60.8 million cattle, about 600 thousand more than a year ago. Breeding herd numbered 5.8 million heads in comparison with 5.77 million last year. The average annual growth of piglets jumped 2% to 10.03, and these numbers raise concerns about overproduction.It was already the second quarter of what the average increase has surpassed record levels. Record feed prices may in contrast cause the pressure to reduce the herd in the future.

Pork market reacted before the quarterly report, supported by a significant strengthening of the export data. Joined in October futures on CME pork halves jumped the maximum allowable price limit of 3.0 cents and ended the two month maximum 93.3 cents per pound weight. In early August, climbed a new historical maximum of 107.20 cents per pound. In September the price of pork halves strengthened by 9.2% and year by 17%. Bear factors represents a quarterly estimate of herds, a record number of acquisitions and downwardly revised USDA estimate on exports this year from 5.012 to 4.951 billion pounds. Bullish fundamentals continue to represent strong foreign demand.

Was this article: 10 | 8 | 6 | 4 | 2 | 0

Last news from the section Commodities:

Pá 22:05  Closing Bell & výhled na 22. 1. 18 – dojdou USA finance? Grant Capital (Grant Capital)
Pá 11:23  Dohoda OPEC a Ruska funguje. Možná až moc! Vladimír Urbánek (Kurzy.cz)
Pá   8:25  Páteční obchodní seance 19. 1. 2018 STOX.CZ (Grant Capital)

Read also:

November 18, 2013Vepřové půlky na CME uzavřely poslední den minulého týdne růstem Colosseum a.s. (Colosseum a.s.)
August 19, 2013Vepřové půlky na CME uzavřely minulý týden poklesem ceny Colosseum a.s. (Colosseum a.s.)
July 10, 2013Vepřové půlky na burze CME oslabily na měsíční minimum Colosseum a.s. (Colosseum a.s.)
May 10, 2013Vepřové půlky oslabily nejvíce v posledních 3 týdnech Colosseum a.s. (Colosseum a.s.)
April 22, 2013Slabý export tlačí cenu vepřových půlek na CME na pokles Colosseum a.s. (Colosseum a.s.)

Cena vepřových půlek na počátku týden oslabila

Diskuze a názory

Na dané téma nejsou žádné názory.

Zobrazit sloupec 
Moner | ISIN database | Weather forecast
Česká verze
Kurzy.cz - Akcie cz, kurzy měn, forex, zlato.
Favorite: Prague Stock Exchange Czech crown Czech economy Commodities Gold Trademarks Prague Weather

Copyright © 2000 - 2018

Kurzy.cz, spol. s r.o., AliaWeb, spol. s r.o.,

ISSN 1801-8688