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A hog market commentary says US cutout values are strong at 88.38 cents per pound despite high weekly slaughter. Sow herd liquidation continues because PRRS-PED disease is cutting production, and cash feeder pig prices reached about $80 per head.
US hog slaughter was down 4.3% year to date.
Disease-driven sow culling reduces future hog supply, which supports hog prices and strengthens demand for feed. Higher feeder pig values also raise the cost of production for hog farms.
thepigsite.comLaurence Williams16 feb 2021Tras 177 eventos alcista de enfermedad pasados, Cerdo magro se movió una mediana de +0,2 % en 5 sesiones (52% al alza; mitad central entre -1,8 % y +2,7 %), y +0,9 % 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.
Dated on the move day, it reports strengthening cutout values, sow herd liquidation from PRRS-PED, and slaughter down 4.3%, a tightening supply picture that supports hog prices.
