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Pork Market Overview

13 July 05:14 AM

Futures news, pork. Pork market is influenced by the following long-term factors:
USDA report issued on June 29. It represents results of the 2^nd quarter, namely:
- pig stock amounts to 65.829 mln. heads, having risen by 1.15% in comparison to the 1^st quarter and by 0.78% in comparison to last year.
- sow stock – 2.919 mln. heads, having risen by 0.7% % in comparison to last year.
- young pig stock – 29.441 mln. heads, having risen by 0.65% % in comparison to last year.
- litter production – 10.09, which is 0.6% higher than last year.

Slaughter during the period of January-May has amounted to 46.215 mln. heads, having risen by 3.5% in comparison to last year. May slaughter amounts to 9.285 mln. heads, which is 5.2% more than last month and 8.7% higher than last year.

Average live weight has dropped by 1 pound in comparison to last month. Storage stocks have risen by 636 ths. pounds, which is 3.6% lower than last month but 16% higher than last year.

Export during the period of January-April has amounted to 766.2 mln. pounds, which is 1% higher than last year. Import during the same period has amounted to 795.2 mln. pounds, which is 13.5% higher than in 2011.

Fodder situation: this year forecast is much worse than last one, and the weather leaves much to be desired.

Last week: slaughter has risen by 1.999 mln. heads, which is 2.3% higher than last week and 1.5% higher than last year.

Production has amounted to 41.9 mln. pounds, which is 2% higher than last week and 2.15% higher than last year.

According to Commodity Trading Department of Masterforex-V Academy, all fundamental data shows bearish trend, and traditional seasonal charts show growth. Thus, there are differently directed factors at the market.

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