Loading…
December lean hog futures are testing resistance near $64 to $64.50 after a volatile period. Cash hog prices had declined for 61 consecutive days in late summer before recovering.
Daily hog kills are running near 460,000 head after two new plants came online in September.
Rising slaughter capacity is tightening competition for hogs, supporting prices and potentially narrowing packer margins, which affects producer feed purchasing decisions.
nationalhogfarmer.comDennis SmithOct 23, 2017Not 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.
