Better Pork - October 2016

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Better Pork

October 2016

37

Lean hog futures surely exhibit

seasonality every year, which makes

it capable of steep climb-ups and

susceptible to sharp sell-offs. Though

it isn’t straightforward to predict a

possible yearly price range, given

the wide swings, hog futures should

be supported in the $55 to $60 per

pound range in the new year. It’s very

likely that hog futures will retest the

$85 per pound level in 2017, having

done so in the previous two years,

and especially during barbecue sea-

son. Bon Appétit!

BP

Maurizio “Moe” Agostino is chief commodity

strategist with

Risk Management.

Abhinesh Gopal is a commodity research ana-

lyst with

Risk Management.

Risk Management is a member of the Farms.

com group of companies. Visit RiskManage-

ment.Farms.com

for more information.

MOE’S

MARKET

MINUTE

ARE YOU STILL GETTING YOUR FARM NEWS FROM A NEWSPAPER? Still waiting till next week to read today’s headlines? Really? Visit BetterFarming.com today and see why we’re the place to go for Ontario farm news. Professor was recognized globally and in Canada for contributions to swine nutrition Where to store all that wheat? Ontario cattle numbers show slight decline New Canadian interprovincial free trade deal a boon to farmers say industry associations Ontario’s northern farmers enthuse over land clearing, tile drainage funding

Source: USDA

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