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Hog cash market eyed for support

Agriculture.com Staff 02/13/2006 @ 2:45pm

After this sell off in the hog market what kind of recovery can we expect-Wants To Sell This Time.

The April market is taking over as the lead month and is well above the cash market. Looking at the technical side of the market points to the market gaining slightly and then it will be up to the cash market if we want to see anymore gains. On these nearby months put options or LRP insurance makes more sense to start out with to get what ever gains we can get in the cash market. Kill numbers and weights remain high and the 3 year low is due this year. We need to practice defensive marketing until we have a fundamental change in livestock production or increased consumption of pork.

After this sell off in the hog market what kind of recovery can we expect-Wants To Sell This Time.

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