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Here is some of what I rec from Dennis

What to Expect?
Weights are running up 3 pounds from last year. Slaughter during the six week period from Dec 1 to the middle of Jan was up 4.2% but should have been up 7%. Now, getting caught up, the kill during the last 3 weeks has been up 8.5%. In the face of this the hog carcass is up 10% from last year. In late Feb, after Tyson is paylean free (starting Feb 4th), numbers are projected to drop off to up just 2% vs last year. Weekly exports are out in the morning.

Reports indicated the USDA in conjunction with a private U.S. company has developed a successful vaccine for ASF. If accurate, down the road, this could guarantee the U.S. herd will be the last one standing with a disease free status. Getting government approval, manufacturing, distribution, vaccination, worldwide distribution and vaccination could take at least a couple of years. It’s not going to help China out this year and possibly not even next year. Yet futures presumably sold off today in reaction to the story. Being the last herd standing disease free would be bullish toward U.S. hog prices.

Massive food shortages in China are fueling rumors the government will quickly resend punitive tariffs on U.S. Ag food products such as pork and beef. Yet futures sold off hard today. The basis is becoming attractive enough to encourage active short covering and hedge lifting, yet futures sold off hard today.

In other news JBS Brazil signed an agreement with WH China for $700 million worth of beef and pork annually. Yes, China is in desperate need of protein. Yet futures sold off hard today. No recommendations

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The CME Lean Hog Index component on the kill for -
Here is some of what I rec from Dennis
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