Kooiker - 11/21/2018 20:37
cynic - 11/21/2018 13:09
The way I read it is $319 meal and $85 hogs (futures) nest June/July works for a lot of hog producers. Don't miss it.
It will work great provided the basis isn’t -$20
Hedging on the CME is nearly worthless. It’s no longer an actual market that has any connection with the cash market.
And this is why I want nothing to do with hogs. There is really no way to manage risk long term. If you could deliver hogs against the cme to keep basis in check sure but without it, every hog producer is headed for minimum wage job with no return on your money. IMO. What I don't understand is why producers haven't pressed the issue? What are our check off dollars used for again??
Hog guys
