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Hog futures reached contract highs in early December 2024 in anticipation of lower supplies and firm demand. The Steiner Profit Maximizer report noted holiday demand supporting near-term ham prices, while bellies trended lower and South Korea booked significant pork export volume.
Expectations of tighter fall and winter hog supplies support hog prices and therefore the economics of feeding hogs, which supports feed grain demand.
porkcheckoff.orgDec 5, 2024Not 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.
