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Packer margins are expected to tighten as new packing plants are built and fall hog supplies stay large. Cash hog prices near $83 were cited as below recent futures levels after a sharp weekly drop in the cutout, led by bellies and hams.
Large hog supplies and new slaughter capacity point to softer hog and pork prices, which weighs on demand for feed used in hog production.
nationalhogfarmer.comSteve Meyer1 ago 2016Tras 159 eventos bajista de informe pasados, Cerdo magro se movió una mediana de -0,2 % en 5 sesiones (47% al alza; mitad central entre -2,2 % y +1,3 %), y +1,0 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
Cash hogs well below futures after a sharp cutout drop, plus large fall supplies, signal downward pressure on futures.
