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December 2017 lean hogs rebounded from lows near $56.50 to just under $65.00, and the author suggests selling hogs for November and December delivery. Packers are increasingly basing payments on carcass cutout values.
The author notes large corn supplies and expects soybean meal futures to retest $300 this harvest.
Heavy corn supplies point to softer corn prices, while firming soybean meal futures reflect support for protein feed costs, shaping feed purchasing strategy.
thepigsite.comGlobal Ag MediaOct 25, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
