Loading…
Futures indicate hog prices will rise until July and then decline through year-end, with 2024 prices expected above 2023. USDA forecasts 51-52% lean hog prices averaging $60/cwt this year, while Iowa producers lost money in January.
Expected seasonal hog price strength and improving producer margins may support herd rebuilding and hog-feed demand.
nationalhogfarmer.comRon PlainFeb 26, 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.
