Pig outlook: Lean hog futures bulls clawing back
Source: thepigsite.com
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While overall the fundamental backdrop of the hog market is supportive as we move through Q4, one should not lose sight of the risks.
Not out of the question for the pork producer to have the upper hand in negotiations through the balance of 2022 and into the new year.
At the end of July there were 530 million pounds of pork in cold storage, up 20% year-over-year and the fourth consecutive month above 500 million pounds.