August 30, 2014

Lean Hog Commentary

Posted 8/29/14

Higher trade was expected today but it is likely few were discussing limit up action. From the low in futures, posted on the 21st, October has rallied almost $5. Note that October and December futures at this time are typically only trying to figure out how low prices will be for their separate expiration dates. The latest Lean Hog Index, the measure of cash hog prices that futures are settled against, is 97.56. Today’s October futures settlement is almost $1 higher than that…

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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.

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