Hogs have bottomed. Next step is cash market gains. January 27, 2023
A return to normal US hog processing, and the expected seasonal supply decline in the weeks ahead, has yet to invigorate US cash prices. Additionally, Thursday's weekly export sales data was not as strong as it initially appeared. April futures filled their upside gap then retreated. We have called a low in this market but agree we're going no where until cash markets show life.
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