A source of advanced information and market analysis focused on the development of pricing and risk management strategies for anyone in the business of buying or selling meat, or trading meat-related futures markets
Whether you're operating restaurants or supermarkets; a food distribution service; a processing or manufacturing facility; or an import/export trading company, you’re in a highly competitive business. Meat markets are volatile, and margins are often thin. A few pennies per pound can make enormous differences in your bottom line. In order to make the best possible decisions, it is essential to have the best possible information at your disposal.

Here are the excerpts from this week's "Meat Markets Under a Microscope" report, by Kevin Bost.

July 3, 2018

The surprise in last Friday's Hogs and Pigs report was the 3.5% increase in the breeding herd. This was the biggest year-over-year increase for any quarter in the last 20 years. On the surface, it seems to say that the pace of herd expansion has accelerated, but I don't think that's the case. Instead, it probably reflects an effort among producers to compensate for unusually high death loss among newborn pigs due to Porcine Epidemic Diarrhea virus in the spring. It is a reasonable theory, because there was indeed an exceptionally small increase in the number of pigs saved per litter from winter to spring this time around:
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Here are the excerpts from this week's "Trading Cattle...from a meat market perspective" report, by Kevin Bost.

June 30, 2018

I continue to hold a fairly aggressive long position in August cattle, just waiting to either be stopped out (on a close below $100.40) or to receive a signal that my cash price forecast is materially off-target.
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Here are the excerpts from this week's "Trading Hogs...from a meat market perspective" report, by Kevin Bost.

July 11, 2018

I have no bet on the table in the hog market right now, because the picture at left tells me that as far as "positions" are concerned, I can only approach them from the long side; but the chart and the direction of the cash markets tell me that I should trade from the short side. At least, they tell me that no matter how undervalued the board may be, now is probably not a good time to expect a major bottom in futures prices.
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