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The article says the annual hog price peak has passed, with July's 51-52% lean liveweight average at $73.92/cwt and August expected near $68. USDA forecasts $74 for Q3 and $63 for Q4, which the author considers too optimistic.
Corn is expected to stay below $5/bushel for the rest of the year.
Expected seasonal hog price declines and lower corn costs reduce feed-cost pressure and point to weaker hog values through year-end. Lower corn prices support cheaper feed for buyers.
nationalhogfarmer.comRon PlainAug 28, 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.
