US lean hog futures slump this week
US lean hog futures have slumped, pressured by abundant near-term hog supplies and concerns that US pork export demand would not be large enough to absorb the expected surplus of meat produced.
24 October 2019
3 minute read
By: "We see a 4.5 percent increase in fourth-quarter production. That's an extra 1.1 billion pounds shoved onto this market. Any concerns about China not buying means we've got some mis-pricing in these December futures."
-Rich Nelson, chief strategist with Allendale Inc-
