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Iowa State's McKean Swine Disease Conference outlook says farrow-to-finish producers lost $32 per head in 2023, the worst year on record, with 2024 returns forecast near break-even. US pork production is forecast to rise 2.1% to 27.878 billion pounds in 2024.
Expanding pork output with heavy investment in capacity limits production cuts, which keeps hog supply ample and caps price upside for hogs over the coming months.
thepigsite.comSarah MikesellJul 29, 2024After 159 past bearish report events, Lean Hogs moved a median -0.2% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +1.0% over 20.
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.
