Forward Hog Contract Prices Under Pressure
by Cory Knutt, PembinaValleyOnline.com (Canada)
27 November 2019
Forward hog contract prices have come under a lot of pressure lately.
Tyler Fulton is the Director of Risk Management with Hams Marketing Services.
"It's rooted likely in the fact that the U.S. hog slaughter has been exceptionally high," he said. "We're running hog slaughter that's better than five or six per cent over last year. With some weeks, exceeding 2.7 million hogs. That's easily into record large territory."
Fulton says there's not the optimism that we'll be able to overcome...