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Rabobank predicts higher hog prices

 

 

October 17 - Rabobank predicts that global hog prices will begin to recover before Christmas.
 
Prices dropped 16.2 per cent in the United States this fall compared with a seasonal average decline of nine per cent. Herd liquidation is cited as the reason for the steep price decline; farmers culled herds they could not afford to feed.
 
The price declines have been even greater in China and Brazil, says the European-based bank.
 
The declines have been less in Canada and Europe than in the U.S.
 
Rabobank is in line with all hog-market analysts in predicting that prices will continue to rise in the new year.

 

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