Lower hog trade ahead of Wednesday’s report. June 27, 2022

Lower trade was noted for hog futures today. Futures are implying the year's peak for the seasonal cash hog rally is about over. But we do have some big questions still in front of us. Recession talk remains in place. Pork export sales are under USDA's hope. On the other hand Smithfield's breeding herd reduction, Wednesday's H&P numbers and China's awkward COVID recovery are balancing factors.

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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.