Colosseum a.s. (Colosseum a.s.)
Commodities  |  March 14, 2013 13:45:28

Lower demand sent pork below

ColosseumFutures contracts for half pork (lean hogs) yesterday cheapened so far this week, most after figures revealed a decreasing demand for pork in the U.S.. Eg. wholesale price of pork fell yesterday by 0.5% and it was cheaper fifth in six days. In January U.S. exporters sold 192,000 tons of pork, or 16% less than the same time last year. Also worth mentioning is the fact that pork not decreased only in the U.S. but also in China. Because pork prices in 36 Chinese cities-those that monitors the local Ministry of Trade, cheaper in the week ended 10th March by 1.5%. April pork halves yesterday at the CME finished at the price of 80.65 cents per pound weight.

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