Colosseum a.s. (Colosseum a.s.)
Commodities  |  March 19, 2013 14:47:28

Pork on the third day CME weakens

ColosseumSecond consecutive weakened in yesterday's trading session on the Stock Exchange Chicago Mercantile Exchange the most active futures contract for pork halves. It was a response to signs of weak demand. Price pigs with immediate delivery to the meat-packing plants since the beginning of February fell by 16% to 72.82 cents per pound, the lowest since 19.listopadu 2012th Wholesale pork prices fell, according to the U.S. Department of Agriculture of 8.9%. Since the beginning of the year to 16 March in the U.S. was processed 23.3 million units, 1.4% less than in the same period last year. Futures on pork halves with the June delivery date weakened during the previous day on the stock CME by 0.4% to the closing price of 88.95 cents per pound weight and the price drops even today. For now 0.125 cents to 88.825 cents a pound.

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