Tag Archives: market
Pork prices in the US increase, beef prices decrease
According to Reuters, live cattle futures on the Chicago Mercantile Exchange (CME) – US on October 21, 2024 fell after last week’s increase. Meanwhile, canned beef prices remained high amid good consumer demand, a solid economic outlook and pre-Thanksgiving and Christmas buying and selling activities. Tight cattle supplies and rising spot prices also continued to support futures trading, analysts said. Rising wholesale prices also boosted futures prices. Boxed prime beef prices rose $2.21 per cwt to $322.86 per cwt on the afternoon of October 21, 2024, according to the USDA. Boxed select beef prices rose $2.01 per cwt to $296.21..
Pig prices forecast to remain high until the first quarter of 2025
The price of live pigs in Dong Nai and the Southeast provinces is currently above 60,000 VND/kg. It is forecasted that the price of live pigs will fluctuate at an acceptable level until early next year. For pig farmers, the current price of over 60,000 VND/kg is acceptable because it ensures farmers a certain profit. Photo: Son Trang. Due to the low consumption period, in the first half of August, the price of live pigs in the Southeast continued to decrease. On August 13, the price of live pigs in this region was around 63,000 VND/kg, down more than 3,000..
Pork prices increase sharply, many livestock ‘big guys’ make big profits, profits increase tenfold
Supply cannot meet demand, pork prices increase and stay high, helping the ‘big guys’ in the livestock industry make a fortune. Some businesses have profits dozens of times higher than the same period last year. Mr. Nguyen Cong Bac – Director of Loc Phat BLLT Livestock Company (Son La) – said that recently, there were times when the price of live pigs jumped to 70 000 VND/kg, helping the company earn a profit of about 1.8 million VND/pig when selling. On that occasion, he sold about 1 000 pigs. In recent days, live pigs have dropped to 63 000 –..
Prices of livestock products (farm prices) nationwide on July 9, 2024
Prices of livestock products nationwide (at the farm) updated on July 9, 2024, including: live pig prices, live chicken prices, duck prices, etc. PRICES OF LIVESTOCK PRODUCTS (ON FARMS) NATIONWIDE JULY 9, 2024 Product Unit Daily price Average price Compare BQ prices Compare BQ prices 09/07/2024 in month last month last year (copper) (copper) (copper) (%) (copper) (%) Live pork (Northern region) d/kg 68.000-69.000 68,300 2,000 3.0 7,600 12.5 Live pork (Central region) d/kg 64.000-67.000 65,500 700 1.1 6,400 10.8 Live pork (Eastern region) d/kg 64.000-67.000 66,950 950 1.4 7,350 12.3 Live..
On June 11, the price of live pigs fluctuated, the highest was 71,000 VND/kg.
This morning (June 11), the price of live pigs fluctuated from 1,000 VND/kg to 2,000 VND/kg. The Department of Animal Health has just sent a document to the Department of Agriculture and Rural Development of Lang Son and Bac Kan provinces to strengthen the prevention and control of African swine fever. In the North The market for live pigs in the North, the purchase price increased by 1,000 – 2,000 VND/kg in some places. Specifically, Ha Nam province adjusted the transaction to 69,000 VND/kg, recording a slight increase of 1,000 VND/kg. With an adjustment of 2,000 VND/kg, the price of..
Live pig prices increased sharply, reaching a 5-year peak
Normally, the price of live pigs decreases in the summer, because when the weather is hot, consumers eat less meat than when the weather is cold. However, this year the pork market is going against the rules. Currently, the price of live pigs for sale is nearly reaching 70,000 VND/kg, an increase of about 10,000 VND/kg compared to the spring and is currently at the highest level in 5 years. From after the Lunar New Year to mid-April 2024, traders buy live pigs at farmers’ barns at prices ranging from 58,000 – 60,000 VND/kg. From mid-April until now, the price..