The hog and pig numbers outlined show cautious expansion and confirm record-large production for next year. But a cautious approach to expansion is key and no aspect of this report represents a bearish surprise. I’d call it friendly.
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Information contained herein is based on what is believed to be the most reliable resources available at the time of publication. Trading commodity futures or options involves risk, and past performance does not indicate future results. Dennis Smith has been a commodity broker/livestock analyst for more than 30 years. He publishes a daily comment prepared for clients called the evening livestock wire. Free 30-day trials are available. Email dennis.smith@archerfinancials.com for more information.