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Hog prices were strong this summer, with June-August averages expected about 18% above last year. Slaughter through July fell 1.7% and pork output fell 1.5%, while cold storage pork stocks reached their lowest level since December.
Tighter pork supply and high competing beef prices support hog prices into fall, which can lift hog producers' feed demand. The analysis is a mechanism-level explanation rather than a new shock.
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.