Cash markets have remained firm because the inventory of hogs moving to market is not enough to keep the packer in the numbers to meet his kill requirements. Product demand for pork has been less than appealing this spring which has made the futures market nervous and defensive. With the Japanese and other countries lifting their ban on European pork products, this has created a softer tone to the export market and further contributed to the weakening futures market. However, the futures market is oversold and in need of a short-term rally. As premiums inflate back into the futures market, producers are urged to use this strength to lock in summer marketings.
Information is in no way guaranteed.
Futures trading always involves a certain degree of risk.