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Lower hog prices could continue

 

U.S. cash hog prices have been trending lower in 2015 and if USDA’s quarterly hogs and pigs report is any indication, that may continue for the next several months.

University of Missouri Agriculture Economist Ron Plain tells Brownfield producers could see gains fairly soon, but it may not last for long, “Seasonally, we tend to get the highest prices of the year during the summer. We expect producers will actually make some money June, July, and August of this year, but longer term, we’ve got to wait a while before we’re going to see anything resembling tight supplies of pork on the market and a chance for a really profitable period for hog producers.”

The report looks bearish for cash and futures trade.