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Genesus analyst Allen Bentley reports cash hogs are near $60 live in February, with February hogs up $8 since Christmas. He says packer margins are squeezed, dressed values are narrowing the basis unusually for the season, and summer futures near $83 look cheap relative to cash.
Strong cash hog prices and cheap deferred futures point to firmer hog values into summer, supporting feed demand from producers. Export strength is the key factor to watch, as it could sustain demand for pork.
thepigsite.comGlobal Ag MediaFeb 13, 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.
