The cattle and hog complexes both have seen some strength recently, according to David Williams, director of global protein for Informa Economics IEG.
Williams said lean hog futures rallied after the U.S. Department of Agriculture released a bearish “Hogs & Pigs” report last week.
“We’ve rallied almost $5-6/cwt. since the report came out, which was bearish. So, that would tell you that sometimes, the market is already anticipating a supply,” h
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