Hog futures fail to hold onto morning gains. July 7, 2022

We're not sure exactly why August futures were up 2.55 this morning. We've already had a reaction to China's supply news and have no confirmation that means they have increased buying of US pork. The failure to hold any of those gains by the day's close is reasonable. US hog offerings and weights, and the lack of confirmed short term China buys are counterpoints to bullish hopes.

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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.