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A strong winter storm disrupted hog slaughter in the week of February 20, with Wednesday and Thursday kills far below normal. Roughly 120,000 hogs were carried over into the following week.
Iowa State estimated January production cost at a record $73.59/cwt.
Carried-over hogs add near-term slaughter supply that could pressure lean hog prices for a few days, while higher production costs support the price floor over time.
nationalhogfarmer.comRon PlainFeb 27, 2023After 10 past bearish weather events, Lean Hogs moved a median -0.6% over 5 sessions (20% higher; middle half -2.7% to -0.2%), and -4.3% 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.
