November 1, 2014

Lean Hog Commentary

Posted 10/31/14

This week’s cash market pricing was not as bad as last week. Hogs lost $3 while pork was down $1. This market is doing the best it can with the seasonal tonnage problem. The week’s kill ran 2.183 millon head, the largest yet for the fall. Slaughter was 3.8% under last year and production was down only 1.9% from last year. There are still another two weeks at least of higher numbers on a seasonal basis. In the big picture, bears should continue to run this show for the next month and a half…

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    MiddayWeather-Vane

    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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