CME: Hog Price Variation Remains Huge

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US – An additional point regarding our packer gross margin estimates — A DLR reader quite correctly pointed out, after reading yesterday’s edition, that beef packer margins are not presently as good as the chart indicates because many packers had made "out-front" sales (ie. forward-priced product 2-6 months in advance) expecting lower-cost cattle by now,…


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