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While hog producers have to be worried about late-2016 price prospects, they can take considerable comfort from the planned packing industry expansion.
Feel like you’re having a rotten day? You probably aren’t having as bad a day as these folks.
There is certainly a chance that recent pork loin and rib weakness will set up the market for an exaggerated September surge, but the late-2016 hog and pork outlook does not look encouraging.
Our weighted Crop Condition Index for corn rose by 2.25 points from last week and soybeans rose by 1.70 points.
Global potash fundamentals continue to pressure vitamin K as phosphate remains stubbornly overpriced.