December Hogs low on December Corn – 08/25/2022
December hogs are trading low on December corn based on historical data from 1997 through 2021.The current December hog/corn ratio reflects the deep discount for December Hogs compared to deliverable cash hogs. The market will likely correct the discrepancy by boosting hog values. There is also a seasonal tendency for December corn to decline into harvest although the new crop corn supply/demand outlook is not bearish in our view.