Hogs prepare for seasonal pricing. August 29, 2022

Lean hog futures posted moderate gains today. The trade is trying to shake off this 11.65 break in pricing from 8/11 highs to the 8/25 lows. US hog slaughter is only moderately lower than expected. August is normally a bearish month with seasonally rising supplies and the end of Labor Day procurement. Bears would also like to see that one last well-known downside cahrt gap filled.

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Allendale, Inc.
4506 Prime Parkway McHenry, IL 60050

1.800.2MARKET | 1.800.551.4626
Local: 815.578.6150 | Fax: 815.363.5511

service@allendale-inc.com

©2019 Allendale, Inc.
This communication is intended as a solicitation for business in the U.S. Please see our full disclaimer.
Site designed and developed by Turnkey Digital.