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North Mountain Ag Services

Risk Management Comments March 27, 2017

RISK MANAGEMENT COMMENTS March 27, 2017   Lean Hogs Over the last six weeks, fourth quarter 17 lean hog futures have consistently run into resistance despite worries over belly inventory figures.  When you consider pork supplies looming over the industry with USDA projections of 2017 pork production at 25.6 billion pounds, it is understandable why investors are hesitant to express optimism.  Coverage through February 2018 looks attractive right now for producers that are managing their grain basis purchase targets in tandem with hog marketings. Dairy Despite concerns over the past three weeks regarding export sales, March milk futures are trading around $16.  Strong butter and cheese sales are supporting the market and providing optimism that with current trends, milk prices may average $2 more per cwt over last year.  On the supply side of the equation, USDA continues to...

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