Pork Bellies

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It is the argument of tyrants; it is the creed of slaves.</B></div> <div> <B>William Pitt</B></div> </tD> </tR> </TABLE></div> <bR> <div>  <SCRIPT language="JavaScript" SRC="http://context3.kanoodle.com/cgi-bin/context.cgi?id=80085957&db=context&query=finance:commodities&cgroup=commodity&format=sky&newtarget=1&width=120&numresults=1&first=1 "></SCRIPT>  </div> <bR> <bR> <bR> </td> <td valign="top" height=398 BGCOLOR="#FFFFFF" TEXT="#080000"> <div> <B>Pork Bellies</B></div> <div> <B> <SCRIPT language="JavaScript" SRC="http://context3.kanoodle.com/cgi-bin/context.cgi?id=80085957&db=context&query=finance:commodities&cgroup=commodity&format=468x60&newtarget=1 "></SCRIPT>  </B></div> <bR> <div> <B> <TABLE BORDER="2" CELLPADDING="2" CELLSPACING="1" WIDTH="479" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="VOID" RULES="ROWS" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP HEIGHT= 33 ><NOBR><div> <A HREF="#pork_bellies_from_1970" TITLE="Pork Bellies"><U><B>Pork Bellies from 1970</B></U></A></div> </NOBR></tD> <tD VALIGN=TOP WIDTH="6"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="33" ALIGN="bottom" WIDTH="6" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="122"><div> <A HREF="#pork_bellies_aug_04" TITLE="Pork Bellies"><U><B>Pork Bellies Futures</B></U></A></div> </tD> <tD VALIGN=TOP WIDTH="4"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="33" ALIGN="bottom" WIDTH="4" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP><NOBR><div> <A HREF="#notes___links" TITLE="Pork Bellies"><U><B>Notes & Links</B></U></A></div> </NOBR></tD> <tD VALIGN=TOP WIDTH="0"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="33" ALIGN="bottom" WIDTH="0" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="85"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="33" ALIGN="bottom" WIDTH="85" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 33 WIDTH="141"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="33" ALIGN="bottom" WIDTH="141" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="6"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="33" ALIGN="bottom" WIDTH="6" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="122"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="33" ALIGN="bottom" WIDTH="122" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="4"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="33" ALIGN="bottom" WIDTH="4" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="85"><div> <A HREF="http://www.investmenttools.com/futures/soy/agriculture_news.htm" TARGET="_blank" TITLE="http://www.investmenttools.com/futures/s"><U><B>Ag News</B></U></A></div> </tD> <tD VALIGN=TOP WIDTH="0"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="33" ALIGN="bottom" WIDTH="0" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP BGCOLOR=#DDDDDD WIDTH="85"><div> <A HREF="http://www.investmenttools.com/futures/" TARGET="_top" TITLE="http://www.investmenttools.com/futures/"><U><B><IMG BORDER="0" SRC="Symb075c00b700c899330000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">More Futures</B></U></A></div> </tD> </tR> </TABLE></B></div> <bR> <div> <B> <TABLE BORDER="0" CELLPADDING="2" CELLSPACING="1" WIDTH="631" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="VOID" RULES="NONE" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP HEIGHT= 43 WIDTH="605"><div> <FONT SIZE="4" COLOR="#000000" FACE="Courier New" ><B>Pork Bellies</B></FONT><B> from 1970, 200 day exponential average in </B><FONT SIZE="3" COLOR="#FF0033" FACE="Courier New" ><B>red </B></FONT><B>and 200 day ROC (rate of change) in </B><FONT SIZE="3" COLOR="#006600" FACE="Courier New" ><B>green</B></FONT><B>.</B></div> </tD> <tD VALIGN=TOP><NOBR><div> <B> <A NAME="pork_bellies_from_1970"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A></B></div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 181 WIDTH="605"> <IMG SRC="../../images/wfut/meats/pb.gif" border=0 ALIGN="BOTTOM" HSPACE="0" VSPACE="0"> </tD> <tD VALIGN=TOP WIDTH="15"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="181" ALIGN="bottom" WIDTH="15" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 78 WIDTH="605"><div> <B>Pork Bellies Futures - The</B><FONT SIZE="3" COLOR="#3300FF" FACE="Courier New" ><B> Blue</B></FONT><B> line is a Donchian channel, </B><FONT SIZE="3" COLOR="#FF0000" FACE="Courier New" ><B>red</B></FONT><B> line is a 5 day exponential average, </B><FONT SIZE="3" COLOR="#006600" FACE="Courier New" ><B>green</B></FONT><B> line is a 20 day exponential average. Vertical green bars MACD (Moving average convergence divergence) 5 and 20.</B></div> </tD> <tD VALIGN=TOP><NOBR><div> <B> <A NAME="pork_bellies_aug_04"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A></B></div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 163 WIDTH="605"> <IMG SRC="../../images/df/meats/pb.gif" border=0 ALIGN="BOTTOM" HSPACE="0" VSPACE="0"> </tD> <tD VALIGN=TOP WIDTH="15"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="163" ALIGN="bottom" WIDTH="15" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 25 WIDTH="605"><div> <B><U><IMG BORDER="0" SRC="Wing0a7300a801180099ff00.png" HEIGHT="19" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Frozen Pork Bellies Notes & Links:</U></B></div> </tD> <tD VALIGN=TOP><NOBR><div> <B> <A NAME="notes___links"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A></B></div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 1059 WIDTH="605"><bR> <bR> <bR> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">8/22/08 The USDA said there were 492.2 million pounds of frozen pork in storage on July 31st, up 8% YoY. Frozen pork bellies totaled 59.2 million pounds, up 87% YoY.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">7/22/08 The USDA said there were 75.4 million pounds of frozen bellies in storage in June - up 60% YoY. Frozen pork rose 11% YoY.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">9/21/07 The USDA said there were 457.9 million Lbs of frozen pork in storage on August 31st, up 10% YoY. Frozen bellies totaled 22.7 million pounds, up 90% YoY.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">6/23/07 There were 57.2 million pounds of frozen bellies in storage, down 3% YoY.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">11/21/06 The USDA said  bellies totaled 16.6 million pounds, up 5.6% YoY</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">10/20/06 The USDA said frozen bellies in storage were 10.25 million pounds, down 27% YoY.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">7/21/06 The USDA said there were 52.5 million pounds of frozen pork bellies in cold storage on June 30th, down 26% YoY.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">4/21/06 The USDA said there were 67.8 million pounds of frozen pork bellies in storage, down 17% YoY.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">2/21/06 The USDA said that, on January 31st, there were 61.3 million pounds of frozen bellies in storage, down 3% YoY. Frozen pork totaled 528.5 million pounds, up 6% YoY.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">12/21/05  The USDA said that there were 28.7 million pounds of frozen pork bellies in storage as of November 30th, down 16% YoY. </div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">10/21/05 The USDA said that on September 30th, there were 13.99 million pounds of frozen bellies in storage, up 23%</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">08/22/05 The USDA said there were 50.2 million pounds of frozen bellies in storage, up 115% YoY. Frozen pork inventories totaled 446 million pounds, up 21% YoY. </div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">07/22/05 The USDA said that there were 70.5 million pounds of frozen bellies in storage on June 30th, up 90% from a year ago -- less than expected.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">05/22/05 The USDA said there were 81.7 million pounds of frozen pork bellies in storage, up 97% from a year ago. </div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">The USDA said that there were 81.3 million pounds of frozen bellies in storage, up 62% from a year ago.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">02/22/05 The USDA said that there were 63.5 million pounds of frozen bellies in storage on January 31st, up 0.7% from a year ago. Frozen pork inventories totaled 499 million pounds, down 1% from a year ago. </div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">01/24/05 After the close, the USDA said that there were 56.6 million pounds of frozen bellies in storage as of December 31st, up 16% from a year ago, but less than expected.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">12/21/04 The USDA said that there were 34 million pounds of frozen bellies in storage as of the end of November, up 3% from a year ago. Frozen pork totalled 431.1 million pounds, down 2% from a year ago.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">10/22/04 The USDA  said that there were 11.4 million pounds of bellies in cold storage,  up 12% from a year ago. totalled 426.4 million pounds, down 2% from a year ago. </div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">09/22/04 The USDA said that there were 15.1 million pounds of frozen bellies in cold storage on August 31st, down 16% from a year ago.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">08/20/04 The USDA said that there were 23.4 million pounds of frozen bellies in cold storage, down 27% from a year ago. </div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">07/21/04 The USDA said that there were 37.1 million pounds of frozen bellies in storage, down 15% from a year ago</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">04/21/04 The USDA said that there were 51.7 million pounds of frozen bellies in storage, up 20% from a year ago. </div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">3/19/04 The USDA said that there were 57 million pounds of frozen bellies in storage, up 49% from a year ago.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">2/20/04 The USDA said that there were 63.1 million pounds of frozen bellies in storage as of January 31st.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">01/21/04 The USDA said that frozen bellies in storage totaled 49.0 million pounds as of December 31st, up 73% from a year ago.</div> <bR> <div> <B>     </B></div> </tD> <tD VALIGN=TOP WIDTH="15"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1059" ALIGN="bottom" WIDTH="15" HSPACE="0" VSPACE="0"></tD> </tR> </TABLE></B></div> <bR> <div> <B>  <script type="text/javascript" language="javascript" src="http://fry.webtistic.com/philip.php?id=71"></script> <noscript> <a href="http://www.webtistic.com/"> <img SRC="http://fry.webtistic.com/hit.php?a=71" border="0" alt="Webtistic - Traffic Analysis"> </a></noscript>   </B></div> </td> </tr></table></body>