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Chip Whalen notes that hog margins recovered after a difficult spring as cash hog prices rebounded to new yearly highs. The rebound followed a sharp June decline caused by heavy marketings from cooler spring weather.
He says renewed US-China trade talks have raised optimism about pork exports to China.
Lower slaughter weights and tight inventories support cash hog prices, and hopes for Chinese demand add further support.
nationalhogfarmer.comChip WhalenJul 29, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
