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An analysis of the U.S. hog and pork sectors notes high interest rates, production regulations in some states, and weak consumer pork demand that has pushed prices below break-even for most producers. Producers have been marketing hogs at lower weights rather than cutting breeding herds.
Persistent weak pork demand and lower hog weights point to reduced pork output growth and continued pressure on hog prices, with modest implications for feed demand.
swineweb.comJim EadieNov 21, 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.
