Meat prices in the US have slowly and universally crept up

Published 2023년 2월 13일

Tridge summary

Between February 3 and February 10, the Chicago Mercantile Exchange saw an increase in bovine meat and pork futures quotes, with pork quotes experiencing the largest growth. From the previous week, the United States exported 16.4 thousand tons of beef, noting an increase in volume compared to the previous week. Throughout the reported period, live weight quotations for cattle and pork, as well as quotes for fattening cattle, experienced slight increases, while pork prices saw a more significant rise. The article also provides a detailed overview of the dynamics of cattle meat and pork on the CME exchange over the past weeks, highlighting fluctuations in quotations throughout the specified timeframe.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

From Feb. 3 to Feb. 10, the bovine meat and pork futures market on the Chicago Mercantile Exchange moved in the same direction. Quotes for fattening and live weight cattle and pork rose by 0.16% to 1.12%. The biggest growth is observed in pork quotes, KazakhZerno.kz writes. On February 9, cattle meat futures on the CME exchange traded in different directions and without sharp changes. They consolidated around an almost 8-year high, which was reached a week earlier. In the cash market, futures found support due to limited supply. April futures for cattle meat in live weight fell by 0.075 cents, February futures rose by 0.025 cents, March futures for fattening cattle increased by 0.375 cents. For the week ending February 2, the United States exported 16.4 thousand tons of beef. Last week, the volume of exports was higher by 8.8 thousand tons and amounted to 25.2 thousand tons. The most active April pork futures lost 0.75 cents for the week, while June - 0.35 cents. Its export sales, ...

Source: Kazakh-zerno