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Cash hog prices have been flat to lower for 22 consecutive days and are at nine-year lows for the season. Lean hog futures have dropped about 12 dollars since mid-February, while pork cutout has held steady near 75 dollars.
Packers are capturing wider margins as cash hog bids fall, which pressures producer prices until new packing capacity arrives. Fund liquidation on falling open interest has added to futures weakness.
nationalhogfarmer.comDennis SmithApr 24, 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.
