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Beef fell in price more than pork

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The global meat prices reached the local low early in June 2015. Since then the beef lost 30% while pork became 16% cheaper. Does this mean the price disparity between the meat prices? Let’s study the personal composite instrument (PCI) chart of Fcattle/Lhog to look into the matter. The global pork production will amount to 25.03bn pounds, while beef to 24.58bn pounds in 2016, according to the latest February USDA report “World Agricultural Supply and Demand Estimates”. In 2014 22.84bn of pork

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