No Support Yet for the Falling Hog Market June 21, 2021
Lean hog futures did not show any sign of support today. August through December closed almost on the day's lows. July was still on the lower half of the day's range. This is not a positive sign at all. After last week's sharp break, there is no sign yet of support. The trade is now pricing for larger US supplies seasonally in August and also the end of the China buying story.
Please login to your premium subscription to view this content in its entirety.
Post Archives
Allendale Insider
Allendale Insider
On The Go
-
Cattle and hogs diverge this week.
June 9, 2023
-
Trade Worries About Weather, Soybeans End On A High Note
June 9, 2023
-
Minor changes from USDA. Weather is the main driver ahead.
June 9, 2023
-
Cattle market debates a potential peak.
June 8, 2023
-
Worst early-summer setup in modern history, but…
June 8, 2023
On The Go
June 9, 2023
June 9, 2023
June 9, 2023
June 8, 2023
June 8, 2023
Market Movers
Market Movers
Snapshots
Snapshots