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14-03-2013 08:00 AM
| USA
Hog prices stabilize, and cattle could be bottoming
Our 10-year average of the lean hog index, a measure of cash hog prices, shows the seasonal low on this dip on March 28. Given the big decline we have already seen, we wonder if this market will wait that long. Cash hog prices in recent days have been stabilizing.
After we clear up Monday’s snow-related slaughter decline, in the coming days packers will be buying for full kill weeks.
After we clear up Monday’s snow-related slaughter decline, in the coming days packers will be buying for full kill weeks.
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