Pork Prices See Slight Strength Tuesday; Is the U.S. Dollar at Play?
Lean hog futures finished slightly higher Tuesday. The strengthening U.S. dollar may be a factor, but there are also other fundamentals playing into the market.
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Jerry Gulke, president of The Gulke Group, says it doesn’t matter whether farmers believe the USDA report or not because it’s what the market is trading.
Yield increase of 2.7 bu. per acre pushes carryout to 1.849 billion bushels, sending stocks-to-use back above 10%.
With corn and soybean yields in question and price rationing back on the table, Gulke says the farmers who treat volatility as the enemy — instead of the opportunity — are the ones left holding the top.
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