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Latin America
Mid-Session Hog Market Report
Fri 25 Jan 2013 11:18:52 CT
Related Keywords: Agriculture
Related Keywords: Agriculture
The market set back to trade lower on the day into the mid-session with talk that the rally yesterday was a bit overdone. The lower trade in loins and pork cut-out late yesterday added to the negative tone. The lack of a premium of futures to the cash market helped to provide some support for February hogs relative to April. Cash hogs traded steady to $1.00 higher. A warmer Midwest forecast into next week was also seen as a negative factor to help pressure with talk that any hogs backed-up from the weather would move on the market. Weight data, however, suggests that producers are current with marketings. The CME Lean Hog Index as of January 23rd came in at 87.78, up from 87.00 the previous session.
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*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.
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