Latest news with #porkmarket
Yahoo
18-07-2025
- Health
- Yahoo
Vietnam warns of food supply disruptions as African swine fever spreads
HANOI (Reuters) -African swine fever outbreaks are spreading in Vietnam, threatening to disrupt food supplies in the Southeast Asian country, the government warned on Friday. Vietnam has this year detected 514 outbreaks in 28 out of 34 cities and provinces nationwide, the government said in a statement, adding that the authorities have culled more than 30,000 infected pigs. "The risk of African swine fever is on a rising trend, negatively affecting the pig farming industry, food supplies and the environment," the government said. African swine fever has disrupted the global pork market for years. In the worst outbreak over 2018-19, about half the domestic pig population died in China, the world's biggest producer, causing losses estimated at over $100 billion. The recent outbreaks in Vietnam have prompted Prime Minister Pham Minh Chinh to send an urgent directive to provinces and government agencies this week to deploy measures to curb the disease. Vietnam in 2023 approved the domestic commercial use of its first home-grown African swine fever vaccines, but officials said the rate of vaccinated pigs remains low. "Only around 30% of the pigs in my province have been vaccinated," said an animal health official of Quang Ngai province, where infections have been reported over the past few weeks. "It's not clear why the rate is low - it could either be the issue of vaccine availability, efficiency or cost," said another provincial official, who declined to be named as the person is not authorised to speak to the media. The agriculture ministry's Department of Animal Health didn't respond to Reuters' request for comment. Calls to AVAC Vietnam JSC, the country's main African swine fever vaccine producer, went unanswered. AVAC said last month it had sold 3 million vaccine doses in the domestic market and exported 600,000 doses to the Philippines and Indonesia.
Reuters
18-07-2025
- Health
- Reuters
Vietnam warns of food supply disruptions as African swine fever spreads
HANOI, July 18 (Reuters) - African swine fever outbreaks are spreading in Vietnam, threatening to disrupt food supplies in the Southeast Asian country, the government warned on Friday. Vietnam has this year detected 514 outbreaks in 28 out of 34 cities and provinces nationwide, the government said in a statement, adding that the authorities have culled more than 30,000 infected pigs. "The risk of African swine fever is on a rising trend, negatively affecting the pig farming industry, food supplies and the environment," the government said. African swine fever has disrupted the global pork market for years. In the worst outbreak over 2018-19, about half the domestic pig population died in China, the world's biggest producer, causing losses estimated at over $100 billion. The recent outbreaks in Vietnam have prompted Prime Minister Pham Minh Chinh to send an urgent directive to provinces and government agencies this week to deploy measures to curb the disease. Vietnam in 2023 approved the domestic commercial use of its first home-grown African swine fever vaccines, but officials said the rate of vaccinated pigs remains low. "Only around 30% of the pigs in my province have been vaccinated," said an animal health official of Quang Ngai province, where infections have been reported over the past few weeks. "It's not clear why the rate is low - it could either be the issue of vaccine availability, efficiency or cost," said another provincial official, who declined to be named as the person is not authorised to speak to the media. The agriculture ministry's Department of Animal Health didn't respond to Reuters' request for comment. Calls to AVAC Vietnam JSC, the country's main African swine fever vaccine producer, went unanswered. AVAC said last month it had sold 3 million vaccine doses in the domestic market and exported 600,000 doses to the Philippines and Indonesia.
Yahoo
07-07-2025
- Business
- Yahoo
Lean Hogs Are Starting to Stumble. Are Prices Set to Fall?
October lean hog futures (HEV25) present a selling opportunity on more price weakness. See on the daily bar chart for October lean hog futures that prices have backed down from the June high and the bears have gained some technical momentum. The price uptrend on the daily chart has been negated. See, too, that the red 9-day moving average has produced a bearish line crossover sell signal by crossing below the green 18-day moving average. Why the Grains Sector is "Feeling Down" Monday Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Fundamentally, the recent USDA quarterly hogs and pigs report showed higher-than-expected hog supplies and anticipation for greater supplies later this year. Cash hog (HEY00) and pork market fundamentals are starting to weaken. The CME lean hog index appears to have put in a seasonal top as the low in annual hog slaughter levels has occurred. Futures contracts trading below the cash hog market suggest traders believe a seasonal price top is in place. A move in October lean hog futures prices below chart support at $91.525 would give the bears more power and it would also become a selling opportunity. The downside price objective would be $84.00, or below. Technical resistance, for which to place a protective buy stop just above, is located at $95.00. IMPORTANT NOTE: I am not a futures broker and do not manage any trading accounts other than my own personal account. It is my goal to point out to you potential trading opportunities. However, it is up to you to: (1) decide when and if you want to initiate any trades and (2) determine the size of any trades you may initiate. Any trades I discuss are hypothetical in nature. Here is what the Commodity Futures Trading Commission (CFTC) has said about futures trading (and I agree 100%): Trading commodity futures and options is not for everyone. IT IS A VOLATILE, COMPLEX AND RISKY BUSINESS. Before you invest any money in futures or options contracts, you should consider your financial experience, goals and financial resources, and know how much you can afford to lose above and beyond your initial payment to a broker. You should understand commodity futures and options contracts and your obligations in entering into those contracts. You should understand your exposure to risk and other aspects of trading by thoroughly reviewing the risk disclosure documents your broker is required to give you. On the date of publication, Jim Wyckoff did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-07-2025
- Business
- Yahoo
Hogs Falling on Thursday
Lean hog futures posted are down $1.27 to $1.92 so far on Thursday. USDA's national base hog price was back down $2.73 in the Thursday AM report, with negotiated trade at $109.36. The CME Lean Hog Index was down 77 cents at $110.22 on July 1. Today will be the last trade day of the week due to Independence Day on Friday. The government will also be closed. The weekly Export Sales report indicated a total of just 27,130 MT of pork was sold in the week of 6/26, a 3-week low. Mexico was the top buyer of 15,200 MT, with 4,300 MT sold to Japan. Shipments were tallied at a 4-week low of 30,068 MT. The top destination was Mexico at 12,000 MT, with 4,300 MT headed to China. Arabica Coffee Prices Are Falling. How Much Lower Will They Go? Brazil Coffee Harvest Pressures Weigh on Prices Coffee Prices Fall as Pace of Brazil's Coffee Harvest Accelerates Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Monthly export data per the Census release showed 564.6 million lbs of pork shipped in May when converted to a carcass basis. That was a 3-year low for the month and down 3.1% from April. USDA's c morning FOB plant pork cutout value was down another $1.25 at $109.50. The picnic was the only prial reported higher. Federally inspected hog slaughter for Tuesday as estimated at 482,000 head by USDA, taking the WTD total to 1.423 million head. That is up 9,000 head from last week and 7,701 head above the same week last year. Jul 25 Hogs closed at $108.050, down $1.600, Aug 25 Hogs closed at $105.975, down $1.925 Oct 25 Hogs closed at $91.725, down $1.275, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
02-07-2025
- Business
- Yahoo
Lean Hog Futures Warn of a Market Top, But Can Burgers and BLTs Save the Day?
August lean hog futures (HEQ25) saw a profit-taking setback late last week after hitting a contract high of $113.375 a hundredweight on June 17. The hog market bulls have faded, technically, as a price uptrend on the daily bar chart has at least temporarily been negated with Friday's push to a new three-week low. That is one chart clue that a market top is in place. Part of late last week's selling pressure was due to a bearish USDA quarterly hogs and pigs report published Thursday. The U.S. inventory of all hogs and pigs on June 1 was a larger-than-expected 75.1 million head. This was up slightly from June 1, 2024, and up 1% from March 1, 2025. Breeding inventory, at 5.98 million head, was down slightly from last year, and down slightly from the previous quarter. Market hog inventory, at 69.2 million head, was up slightly from last year, and up 1% from last quarter. Coffee Prices Fall on Abundant Rainfall in Brazil Cocoa Prices Higher on Dollar Weakness and Tighter Ivory Coast Supplies NY Sugar Prices Slump Ahead of July Contract Expiration Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Pork cutout value (KMZ25) and the CME Lean Hog Index are presently at their highest levels in almost three years, despite the relatively larger U.S. hog herd. That suggests strong consumer demand for pork at the meat counter. With beef prices at historically elevated levels and with consumer confidence declining, it is likely that we will see better consumer substitution demand for the less-expensive pork cuts over the pricier beef cuts. The latest CME Lean Hog Index is up another 48 cents to $111.89 as of June 25. The preliminary calculation puts the index up another 13 cents to $112.02 for Monday. Pork cutout value on Friday did decline by $2.19, to $117.46, but movement was solid at 333.46 loads. U.S. pork production is nearing a seasonal low. That has helped lift pork cutout value and cash hog prices as packers bid up for the smaller supplies. One worrisome element for the hog and fresh pork markets is that outdoor grilling season demand is currently peaking and will taper off after the Fourth of July holiday. Also, cash cattle prices appear to have topped out after a string of weekly record high average prices, which was halted in late June. Declining cash cattle (LEY00) and live cattle futures (LEQ25) prices in the near term would also be a bearish weight on the cash and lean hog futures markets. Starting in early July and lasting for several weeks is the bacon, lettuce and tomato (BLT) season, as home-grown tomatoes get ripe and plump, luring consumers to slap some bacon on the stove for some BLTs. Fresh bellies have been the primary driver of elevated pork cutout values as grocers have stepped up purchases in preparation for BLT-season demand. S&P 500 ($SPX) and Nasdaq ($NASX) stock index futures hit record highs last week as trader and investor risk appetite surprisingly sprang back to life after the ceasefire agreement between Israel and Iran, which significantly de-escalated Middle East tensions. If risk appetite in the marketplace remains robust, the speculative commodity market bulls will be more aggressive on the long sides of the futures markets, including lean hogs. The speculators are the grease for the skids of up-trending bull markets in commodities. Conversely, a quick return of keener risk aversion in the general marketplace could mark the end of the latest bull market in lean hog futures. On the date of publication, Jim Wyckoff did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
