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CoBank's report says farrow-to-finish returns have fallen 66% since 2018 to $7.30 per head, discouraging expansion. Soft domestic and export demand, along with elevated retail prices, are compounding pressure on producers, and USDA data showed June 1 hog supplies roughly unchanged from a year earlier.
Stagnant hog supply and weak demand leave pork prices supported, while limited herd growth keeps feed demand from expanding.
agriculturedive.comNathan OwensJul 31, 2023After 61 past neutral report events, Lean Hogs moved a median -0.4% over 5 sessions (48% higher; middle half -1.3% to +1.8%), and +2.1% over 20.
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.
