Hogs: Cash hogs have been running about one week behind their seasonal peaks and valleys this summer. That should also imply that we should expect cash hog prices to post a two week small rebound starting right about now…Rich Nelson
Cattle: Friday’s Cattle report is a complete breakdown of all cattle in the United States. We expect it to show 2.4% smaller beef cow numbers than last year. Even better, there are no signs of expansion. Heifers intended for the cow herd are seen 3.2% smaller than last year…Rich Nelson
Rich Nelson is Director of Research at Allendale, Inc. in McHenry, IL. Allendale is registered with the CFTC and NFA and is a member of the NIBA. www.allendale-inc.com.