October 26, 2014

Lean Hog Commentary

Posted 10/24/14

For a second week in a row we can wrap things up with a negative tone. Cash hogs lost $9 in the IA/MN run and cash pork was down $13. We’ve discussed the issues on the supply side quite well in recent weeks. We are also seeing some problems on the demand end. With both the US and EU banned from selling pork to Russia we are both fighting it out for the now-limited remaining market. Thursday’s export sales report showed sales at 19,639 tonnes in the latest week. That was of the recent sales of 20,384 to 22,835…

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    Allendale Advisory Contributor:

    Rich Nelson

    Rich Nelson

    Rich started with Allendale in 1997 after graduating from Western Illinois University with a degree in Economics. Rich represents Allendale’s advisory products through print, radio and television apperances.
    WUC

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