Weekly Purcell Report

US - Agricultural US Commodity Market Report by Wayne D. Purcell, Agricultural and Applied Economics, Virginia Tech.
calendar icon 7 April 2004
clock icon 2 minute read


Need a Product or service?
Animal Health Products
Swine Breeders and Genetics
Pig, Hog Feed and Ingredients
Swine manure, waste and odor
Pig, Hog and Swine Books

The rampaging April lean hog contract rode the strength of growing demand in the export arena to a price as high as $68.15 on March 29.

Since that date, the market has lost essentially $5 per hundredweight with Tuesday's action around $63.50.

I would hold short hedges in this market until we see more signs of bottoming action than we are seeing to date on this April contract.

I've been suggesting short hedge protection on nearby hogs and wanting to wait on the summer hogs with the July contract exploding to the upside in Tuesday's session to a $72.50 close.


© 2000 - 2025 - Global Ag Media. All Rights Reserved | No part of this site may be reproduced without permission.