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Cash hog prices have climbed steadily over two months, with the IA/MN negotiated base lean hog carcass quoted at 73.78/cwt, 80 cents higher on the day. The pork cutout stood at 85.38/cwt, 11.7 percent above the previous year, driven by strong pork belly demand and seasonal supply declines.
Robust pork demand and seasonally tightening hog supplies support firmer lean hog prices, with the outlook for spring hinging on whether demand holds.
thepigsite.comGlobal Ag MediaFeb 16, 2017Not 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.
