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Hog producer margins are deeply negative, with losses approaching $60 per head and forecast negative margins through Q1 2024. Forward futures curves show higher hog values and cheaper feed costs for 2024.
Losses this deep could reduce sow herd rebuilding and future hog supply, while cheaper feed supports producer margins. The outlook is mixed for hog prices near term and in 2024.
nationalhogfarmer.comChip WhalenMay 30, 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.
