Russian pig price is currently recovering from the lows of a few weeks ago. Prices have increased by 10 Roubles per kg in both of the last 2 weeks and this week are at 112 Roubles per live kg, writes Simon Grey, Sales & Service Genesus Russia. The recent price dip was caused by several factors. The major reasons was Lent where many Russian’s do not eat meat, which obviously reduced demand in a market that is nearing self-sufficiency, on top of a general reduction in spending across the country. Today lent is coming to an end and temperatures are rising and people are again buying more pig meat. As always, being Russia there are conspiracy theories of. Read more...
This seems to be shaping up as a very traditional pricing year, as something always seems to short the pig supply in the 2nd quarter, writes Allan Bentley, Sales & Service. The semen extender issue that we have all heard about but not much has been reported on should at least be part of the issue at that time. I believe most of that extender was off the market by November 1, 2015. That math adds up to shorter numbers of pigs coming soon. We should see some $80 plus base bids. Watch the next few months and study the actual basis. If the basis is at zero, the futures are going to fight the move higher. If that happens, fine, then sell those cash hogs. What. Read more...
As we close the books on 2015 it is always good to review. Then I will attempt the “fool’s errand” of what 2016 may hold, writes Bob Fraser – Sales & Service, Genesus Ontario. First the review: At the start of 2015 the industry was coming off the euphoria of the “Year of the Pig Farmer” with 2014 margins being beyond even the wildest of dreams. The thought probably was somewhat “no good deed goes unpunished”. So there would be some payback in 2015. I highlighted this in my commentary at the start of 2015 with this observation. “I believe this has been perhaps the main governor on expansion in Canada. It would. Read more...
As we begin 2016 and look towards the New Year, we find ourselves wondering what the future is in hog markets and profitability. 2 years ago now we predicted 2014 – The Year of the Pig Farmer. We believed record profits were coming and 2014 did have record profits. For 2016 we see a grinding year with some profits but mostly lots of work and lots of challenging scenarios. Our Observations If we look at current 2016 lean futures and cost of production we come up with a potential profit of $15 per head. Not bad but not a mortgage lifter. The current profit scenario is not going to stimulate significant expansion. The December 1st USDA Hogs and. Read more...
At the end of September and according to the General Statistics Office, Vietnam had about 2.5 to 3.0 per cent more pigs on farm as compared to last year at this time (all livestock are up about 4 per cent), write Ron Lane, Business Director for Asia Pacific and Meggie Vo, Genesus Marketing Representative in Vietnam. Currently in Vietnam, pork production is a relatively well developed market with stable demand and reasonable profits. Large scale breeding farms and the pork value cold chain from the farmers through distributors to the consumers continue to grow with economic efficiency. Recently, pork prices in the southern provinces were lowered as there was. Read more...
Pig price continues to remain stable at 112 Roubles per live kg ($1.71). This is despite a reported increase in pig meat production of 8 per cent over last year. Russians like to eat pig meat. Current talk is all about business growth and more new farms, feed mills and slaughter plants over the next 4 years. The numbers being talked about are well over 500,000 new sow places. How is this likely to impact on the market over time? There is also huge demand for real genetic progress with new Nucleus farms that are properly managed and achieving genuine genetic progress. After years working in the UK through all the legislation changes and an ever decreasing sow herd, it. Read more...
Grain prices are still steady with the same decreasing trend in USD as it was mentioned in previous months. These prices have adjustments in Mexican Pesos, writes Carlos A. Peralta – President, Genesus México. Finally, in their last meeting, FED has announced no changes on interest rates (maybe until the last days of the year) fix by them. This measure will bring some stability to the currencies exchange rate volatility occurred in the world over the last few months in the developing markets. The Mexican Peso/USD exchange rate for interbank transactions finished at $16.64 Mx/USD but buying directly in Banks or in the International Airport of Mexico City,. Read more...
China: it is the pork powerhouse of the world with over 51 per cent of the world’s population of pigs raised within China, writes Ron Lane, Business Director Asia Pacific. Looking at the size of the breakdown of the inventory for July, 2015, the adjusted information from MOA is indicating 385.57 million on-farm pigs and a 38.78 million sow herd (as compared to June at 384.80 million on-farm pigs and a 39.02 million sow herd). The July 2015, 385.57 million on-farm inventory is up 0.02 per cent from last month (June, 2015). This is the first increase in several months. However, the total drop in on-farm pigs as compared to July, 2014 is 10.3 per cent . Looking at. Read more...
We have gained $8.00 in October hogs in about 10 days. We still have an inverted basis but I don’t think that will continue - it will widen. This is as sure as death and taxes, writes Allan Bentley, Sales & Service. Here is the unknown, will cash fall or futures continue higher? The calendar says cash will fall but that is not rocket science. As I mentioned, the futures have recovered a substantial amount. Retracement charts tell me that October hogs will run out of steam at these prices. Demand is good and I am not hearing any problems getting hogs to packers on a timely fashion. I think the million-dollar question is - what will the effect be of the bird. Read more...
We have gained $8.00 in October hogs in about 10 days. We still have an inverted basis but I don’t think that will continue - it will widen. This is as sure as death and taxes, writes Allan Bentley, Sales & Service. Here is the unknown, will cash fall or futures continue higher? The calendar says cash will fall but that is not rocket science. As I mentioned, the futures have recovered a substantial amount. Retracement charts tell me that October hogs will run out of steam at these prices. Demand is good and I am not hearing any problems getting hogs to packers on a timely fashion. I think the million-dollar question is - what will the effect be of the bird. Read more...
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