“April hogs tested support at 79.50 yesterday and bounced. USDA forecast first-quarter pork production at 7.130 million pounds, up from 7.071 million a year ago. Overall, 2024 pork production is expected to drop, although consumption is expected to rise. The cash hog index was slightly lower yesterday and only the 4th daily decline since Jan. 1,” according to The Hightower Report.
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