# December hog futures continue to defy gravity

> 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.

- Date: 2017-10-23 · published 2017-10-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/68626-december-hog-futures-continue-to-defy-gravity
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Rising slaughter capacity is tightening competition for hogs, supporting prices and potentially narrowing packer margins, which affects producer feed purchasing decisions.

## Read by commodity

- HOGS: bullish ▲

## Sources

- nationalhogfarmer.com: https://www.nationalhogfarmer.com/market-reports/december-hog-futures-continue-to-defy-gravity

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.