Loading…
American Farm Bureau Federation data shows US hog farmers lost about $31 per head in 2023. Iowa State's June 2024 estimate shows farrow-to-finish returns of $8.82 per hog, up from a loss in 2023 as feed costs fell 25%.
Pork export sales were up 6.7% year to date through July 18, with Mexico the dominant buyer.
Lower feed costs are improving producer margins, but weak domestic pork demand limits price upside. Export strength from Mexico is the main support for hog prices.
thepigsite.comAug 29, 2024After 61 past neutral report events, HOGS moved a median -0.4% over 5 sessions (48% higher; middle half -1.3% to +1.8%), and +2.1% over 20.
After 770 past neutral report events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
