
Steiner and Company outlined short and medium-term pork price expectations, noting speculators have boosted bullish hog bets on possible tariff easing and seasonal supply decline. Fresh pork prices have lagged, but prices are expected to rise May through July.
Sales to Mexico rebounded but remain 21% behind last year's pace.
Expected seasonal supply decline and competitive pork pricing against beef and chicken support hog values into summer. Slow Mexican sales limit export-driven demand for hogs.
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.