It was a big Friday for USDA reports with both Cattle on Feed and Hogs and pigs numbers released.
The USDA’s Quarterly Hogs and Pigs report was pretty bullish as many segments of the report came in well below pre-report estimates.
University of Missouri livestock market analyst Scott Brown says producers need to consider some risk-management options, especially if hog futures take off on Monday. “There might be a time to take advantage of some of those higher prices yet again,” Scott says.
