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Hog futures have rallied sharply from their lows since mid-October, driven by strong pork processor margins and firmer demand. Analyst Dennis Smith says the post-election commodity rally has added to the upward trend in hogs, cattle and soybeans.
Packers running extra hours to handle heavy supplies, combined with better demand, supports lean hog prices into early 2017. Buyers should expect firmer hog values than earlier in the fall.
nationalhogfarmer.comDennis SmithNov 28, 2016Not 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.
