date:May 23, 2012
The answer's not a simple one, says Purdue University Extension livestock economist Chris Hurt. And, it doesn't necessarily mean a spring or summer rally's out of the question.
First, a lot of people were possibly anticipating the spring rally and the market reflected this attitude and adjusted earlier than normal.
Perhaps there was too much anticipation of high spring and summer hog prices earlier in the year, Hurt says. June lean hog futures, for example, reached levels equivalent to about