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Hog prices have risen to the mid-$50s per hundredweight live weight from a late-November low near $32, restoring industry profitability. Lower retail pork prices have boosted consumption, and producers' share of the retail dollar hit a record low of 17.5 percent last fall.
Stronger consumer demand for pork and improved hog profitability support higher hog prices and could encourage herd expansion, which increases future feed grain demand.
ag.purdue.eduSarah E ZahnFeb 13, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
