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Cash hog prices fell for a third straight week, with the Iowa/Minnesota market down $1.10 through Thursday. Allendale expects weekly slaughter around 2.569 million head and does not expect the U.S. to ship pork to China despite the swine fever outbreak because of heavy tariffs.
Heavy hog supply and the expectation that the U.S. cannot tap Chinese demand because of tariffs point to lower lean hog index values into December futures expiry.
agriculture.comRich NelsonOct 26, 2018Not 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.
