AgResource Hog Comment and Analysis
Hog Futures Inch Lower While Cash Market Gains: CME hog futures drifted lower and finished in the red on Tuesday, while the cash index was higher. Trading in December hog futures ended at $72.175 versus $65.06 last year. The CME cash hog index gained $.60 to $72.18. However, Tuesday’s slaughter report indicates an 8-cent decline…