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USDA's September Hogs and Pigs report put the US swine herd at 79.099 million head, up 0.7% from a year earlier and above trade expectations. The report showed the heavyweight inventory groups were larger than expected, while lightweight groups were smaller.
Lean hog futures closed higher the day after the release.
A larger-than-expected herd points to heavier hog supplies and record slaughter, which is bearish for prices, though smaller lightweight groups limit the downside.
nationalhogfarmer.comRon Plain28 sept 2020Tras 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.
