Forward hog contract prices have been holding relatively steady.
That according to Tyler Fulton with Hams Marketing Services.
"Forward contract prices have been generally under a little bit of pressure but compared to the broader market context, hog forward prices have been very resilient," he said. "When we look at what kind of declines we saw in cattle markets or in equities or for that matter other commodities like oil, hogs have been a rock, really, to put it bluntly."
Fulton says cash prices are still struggling, relating to the broader uncertainty associated with the coronavirus.
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