AgResource Hog Comment and Analysis
Hogs Open the Week with Strong Gains: CME hog futures started the week with strong gains, closing $2.50-3.00 higher through October. The CME cash hog index was down $.55 at $100.49, and the slaughter report indicates another $.42 lower for Tuesday. Hog slaughter rates have counter-seasonally increased from the early April low, and the early…