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Lean Hog is a type of hog futures contract that can be used to hedge and to speculate on pork prices in the US. Lean Hog futures and options are traded on the Chicago Mercantile Exchange (CME), which introduced Lean Hog futures contracts in 1966. [ 1 ]
The Prices paid index is an index that measures changes in the prices paid for goods and services used in crop and livestock production and family living. The production component of the index accounts for over 65% of the total, and family living expenses represented by the CPI-U account for less than 20% of the index.
A demand for pork emerges, and so one or two farmers begin raising pigs. While pig supply is limited, prices are high – at this point of the cycle, pork is a rare good. More farmers realise the value potential and also begin raising pigs. As more and more piggeries come 'online,' the price begins to decrease as supply increases.
Established in 1939 by Agriculture Secretary Henry A. Wallace (later Vice President) through the merging and consolidation of various United States Department of Agriculture (USDA) bureaus and programs, the Agricultural Marketing Service (AMS) was tasked with facilitating fair and efficient marketing of American agricultural products, including food, fiber, and specialty crops both ...
It seemed for a while that California's controversial pork law would take effect only when pigs fly. The law was fought all the way to the U.S. Supreme Court, but starting this month, farmers ...
The Posted county price (PCP) is calculated for the so-called loan commodities (except for rice and cotton) for each county by the Farm Service Agency in the United States. The PCP reflects changes in prices in major terminal grain markets (of which there are 18 in the United States), corrected for the cost of transporting grain from the county ...
A slaughterhouse is being accused of illegal slaughtering methods after an animal rights group released undercover video this week. Livestock slaughtered at Quality Pork Processors is used by ...
H5N1 bird flu has been discovered in a pig in Oregon, a development that has sparked new concerns among infectious disease experts.