Posted 3/13/2019 22:21 (#7379103 - in reply to #7378108) Subject: RE: (you hog guys) hog futures
Lintfield - 3/13/2019 15:23
Same effect as PED did in 2014?
If you own hogs but no packing plant I wouldn’t get your hopes up on the price of hogs running like it did in 14. That was caused by a shortage of hogs in the US and the packers actually had to bid on open market hogs to fill their plants, GASP. There’s a reason they don’t like doing that.
There currently is no shortage of hogs in the US and there won’t be for the foreseeable future. Unless we get a big disease problem of some sort and if ASF gets here our export markets will disappear crushing the value of pork domestically.