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The USDA yesterday increased Q1 pork production 1.5% from a year ago and Q2 production was lowered slightly but still historically high, the Hightower Report said. A gap lower or further weakness today below yesterday's low could trigger a round of significant selling.
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“CME Lean Hog Index as of March 26 was 91.18, down 0.28 for the day and down 0.77 versus a week ago,” the Hightower Report said. “This is the …
In weighted average negotiated prices for barrows and gilts, the USDA reported:
In weighted average negotiated prices for barrows and gilts, the USDA reported:
Austin Schroeder at Barchart.com said, “Lean hog futures turned higher into Wednesday’s close, as contracts were up 12 to 55 cents. Open inter…
“The cash hog index has been on the decline lately and was down again yesterday,” the Hightower Report said. “Managed money traders may be com…
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