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Ever.Ag's Dave Delaney says PRRS and PED outbreaks are curbing hog supply despite record sow productivity. He expects a summer rally and says the October lean hog board looks undervalued.
Disease-constrained supply and expected seasonal strength point to firmer hog prices into summer, supporting feed demand from producers.
After 177 past bullish disease events, Lean Hogs moved a median +0.2% over 5 sessions (52% higher; middle half -1.8% to +2.7%), and +0.9% over 20.
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.