Colosseum a.s. (Colosseum a.s.)
Commodities  |  February 25, 2013 14:16:28

Pork continued cheapening

ColosseumOn Friday, a report was published, according to which supplies of pork in the U.S. increased by the end of January by 3.4% compared to the same period last year. Specifically, 31 January in U.S. stores more than 605 million pounds weight of pork. Last year, 31 January it was only 585 million pounds of weight. The growth in inventory costs and higher production of pork, which in January increased by 4%, again compared to last January. Since the end of last December are now supplies of pork in the U.S. by 9.7% higher. April futures for pork halves (lean hogs) on Friday closed at CME by 0.9% below the price of 81.65 cents per pound weight.

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