«Time will tell, but we expect summer future lean hogs will recover back over $1.20 in the not-too-distant future as the reality of less hogs available for marketing pushes up pork cut-outs and hog prices. We could be suggesting wrong, but a lot of lean hog future trading is done by sharpies running computer programs that work on incremental margins; in some ways, they don’t care if hogs are up or down. It’s just about making money on trades» — comments Jim Long, CEO Genesus Inc.
More details in report: e1.envoke.com