CME: Hog Price Variation Remains Huge

US - An additional point regarding our packer gross margin estimates — A DLR reader quite correctly pointed out, after reading yesterday’s edition, that beef packer margins are not presently as good as the chart indicates because many packers had made "out-front" sales (ie. forward-priced product 2-6 months in advance) expecting lower-cost cattle by now, Steve Meyer and Len Steiner write.
calendar icon 1 September 2011
clock icon 2 minute read
© 2000 - 2024 - Global Ag Media. All Rights Reserved | No part of this site may be reproduced without permission.