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USDA Cold Storage Report Analysis and Anticipating the Hogs and Pigs Report

2014-03-24 22:18:00| National Hog Farmer

By Steve Meyer, Paragon Economics, Inc., Adel, IA Fridays Cold Storage report from the United States Department of Agriculture (USDA) showed record-large February pork stocks that I still think are generally bullish, since they do not reflect the big month-on-month buildup that many in the trade expected. Given Monday mornings softness in CME Group Lean Hog futures, that may have been a mis-reading of what the trade expected on my part. The data from the USDA Cold Storage Report is shown in the table that appears later in this article. read more

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