On September 5th, the USDA published its export and import reports:
The export of pork reached 2 850, 805 million pounds in January-June 2013 , which is a 9.25% decline as compared the same period of 2012.
The export in July 2013 reached 406,568 million pounds, which is a 2,06% increase as compared the same period of 2012.
The import of pork reached 494,315 million pounds in January-June 2013 , which is a 5.71% decline as compared the same period of 2012.
The import in July 2013 reached 77,142million pounds, which is a 11,74% increase as compared the same period of 2012.
These are the seasonality charts. They indicate growth since July and then show decline in early August.
Over the last week:
The production of pork reached 400.1 million pounds or -10.83% as compared the same period of 2012.
According to the Commodity Trading Department of Masterforex-V Academy, the mid-term bias in the market of pork is neutral, which means that price is likely to fluctuate within a relatively narrow range, with a slightly bearish tendency.
If there are good opportunities, you can sell some call options.
