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North Mountain Ag Services

North Mountain Ag Comments June 24, 2019

NORTH MOUNTAIN AG COMMENTS Lean hog futures are under pressure as traders question whether short term US demand for fresh pork will keep up with domestic supplies. With industry hopes of increased exports becoming dimmer as global eyes are on the middle east, we are viewing live hog prices in the fourth quarter of 2019 being vulnerable. Corn field reports indicate that the crop is 2-3 weeks behind schedule in key US growing regions. While the coming weeks will determine the extent of yield impacts in key areas, it is fair to assume that earlier yield expectations will not be met this season. Soybean values, despite adequate global supplies, have moderate support as US producers strive to catch up despite weather concerns. The unknown in the global market right now is what Asian animal feed demand will look like...

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