The large discount of June to the cash is a factor which may continue to support.
Read MoreThe longer-term fundamentals are still supportive as beef production continues to tighten and weights remain much lower than normal.
Read MoreExport sales are impressive and remain on a record pace this year, and the expected shift lower in production for the second quarter is supportive.
Read MoreFebruary hog resistance is at 82.20, with key support back at 80.00 and then 78.90. April hog resistance is at 87.37, with 85.65 and 84.75 as support.
Read MoreWe could see some back and fill action after the big range-up day on Thursday.
Read MorePresident Trump is making a move to impose a 5% tariff on all Mexican goods on June 10th (80% of their exports go to the US) and to increase the tariff by 5% each month to reach 25% by October until Mexico agrees to help the US on the crisis at the border. If Mexico retaliates…
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