Retail Edition

Hog prices trending higher but ample supplies expected to keep prices in check, offer opportunities to promote pork in 2018

Pork packers have been paying up for hogs in recent days and the turnaround in cash hog prices has bolstered both nearby and deferred futures contracts. The October contract closed on Friday at over 60 cents per pound, 500 points higher than where it was in late September. Why are pork packers paying up for hogs even as, by all accounts, hog supplies are plentiful should establish new record levels through the end of the year?

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