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An analyst outlines six reasons hog futures have bottomed, including cutout values up 11% year over year and bellies up nearly 40% since January. Cash hog prices are up 40% this year and China's large hog producers reportedly suffered heavy losses.
Strong pork demand, tight slaughter and potential Chinese herd losses point to higher hog prices, supporting feed demand.
nationalhogfarmer.comDennis SmithFeb 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.
