AgResource Hog Comment and Analysis
Hogs Bounce Back from Oversold Conditions: Hog futures closed higher with December finding support on an early morning break below $74. The CME cash hog index was down $.06 at $79.23 and based on Tuesday’s slaughter data, the index is projected another $.51 lower for Thursday. Wednesday’s US hog slaughter totaled 1.423 Mil head, 1,000…