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Iowa State economist Lee Schulz commented that US pork producers face a potentially record-poor two-year stretch of profitability for 2023 and 2024. The comments follow a recent dip in US pork sales.
Sustained producer losses typically lead to herd liquidation or slower expansion over time, which could eventually tighten hog supplies. In the near term, weak profitability keeps pressure on pork and hog prices.
econ.iastate.eduDec 18, 2023Not 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.
