With the summer holidays largely behind, investors spent the first five days of September chasing yield, re-positioning their fixed income allocations and responding to the latest export numbers from Asia.
Cash hogs are trending lower, but they are following the seasonal pattern, suggesting support going forward. Meanwhile, Japan expands demand for U.S. beef.
Hog farmers react to the sting of high corn prices, while cattle traders watch Cattle of Feed estimates for clues.
A negative chart pattern and the effects of the drought are driving hogs lower, while cattle futures are following the cash market.
Final phase of the current bear market may be taking hold
Defendants allegedly defrauded pool participants of at least $2.2 million and misappropriated participants’ funds to pay personal debts and living expenses