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CoBank reports that lean hog futures are declining seasonally after peaking in July. Producer margins are expected to narrow through year-end, while the breeding herd is at an eight-year low.
Pork cutout values were down 7% year-over-year in August.
Seasonal softness and narrowing margins weigh on hog prices, though a shrinking breeding herd limits downside in pork supply.
thepigsite.comMelanie EppOct 23, 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.
