Loading…
A market commentary argues hog futures formed a low, with packer margins highly profitable and pork demand described as solid. It notes record-low frozen bone-in ham stocks and bullish corn views tied to reduced Brazilian second-crop acreage.
Expectations of a hog price bottom and firm pork demand could support hog prices and modestly support corn feed demand if Brazilian safrinha output falls.
swineweb.comJim EadieNov 29, 2023Not enough comparable past events yet for a historical read.
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.
