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The USDA June Hogs and Pigs report showed the highest June 1 hog inventory since records began in 1964, at 73.5 million head, up 3 percent year over year. Pigs per litter reached a record 10.63, and the March-May pig crop was the largest for that period since 1970.
A record hog inventory and larger pig crop add heavy supply that will pressure hog prices into the fourth quarter. This report surprise is a major bearish fundamental for pork and related feed demand.
hpj.comHPJ Staff8 jul 2018Tras 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.
Tras 250 eventos neutral de informe pasados, Harina de soja se movió una mediana de -0,1 % en 5 sesiones (49% al alza; mitad central entre -1,6 % y +1,7 %), y +0,4 % 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.
The USDA June Hogs and Pigs report showed record inventory and litter rates, a bearish supply backdrop that had been feeding into prices, though it came out about a week before the move.
