AgResource Global Rice Market Discussion
Asian Rice Prices Score Fresh Highs: Cash rice prices in India, Vietnam and Brazil have scored record highs this week. ARC notes rice markets in Asia tend to rise seasonally into Dec/January. It’s unlikely that lasting highs are in. India’s ban of non-basmati exports continues to be felt worldwide. Not all is well with the…
AgResource Hog Comment and Analysis
Hog Futures Retreat on Technical Liquidation: CME hog futures turned down at midweek after December and February tested major moving averages on Tuesday. The nearby selling weighed on the entire hog market, but July and August futures both found support against major moving averages. The cash hog index gained $.04 on Wednesday to $76.27. AgResource…
US Red Meat Trade
US pork exports declined in September to 512 Mil Lbs. A September decline is typical, but exports of 512 Mil Lbs were below a year ago for the first time in 2023. Compared to last year, significant declines in September exports were realized to China and Japan, while the only significant increase was in exports…