AgResource Hog Comment and Analysis
Hogs Recoup Losses and Close Higher: As US financial markets stabilized, hog futures gained $.50-1.65 on Tuesday. CME cash market indexes were both higher. The lean hog index rose $.37 to $112.26, while the pork cutout index gained $.73 to $119.64. The pork cutout value bottomed in late June near $108 and has rallied more…