Colosseum a.s. (Colosseum a.s.)
Commodities  |  March 08, 2013 08:35:33

Pork halves dramatically strengthen

ColosseumUnusually strong upward motion yesterday reported futures contracts on pork halves. It's the still stronger assumption that the demand for pork in the U.S. will grow. Is expected that many consumers would convert beef and chicken just to cheaper pork, which is to some extent already happening now. Pork as the stock market and in the shops for some time now cheaper, thus the profitability compared to other types of meat only increases. From Monday to Wednesday passed slaughterhouse U.S. meat processors 1,283,000 pigs. This is 1.6% more than in the same period a year earlier. April pork on the stock market yesterday CME more expensive by 3.2% to 81.80 cents per pound weight.

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