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US hog supplies are tightening and cash hog and wholesale pork prices have edged higher, with the CME cash hog index at $75.62. Slaughter fell below year-ago levels for the first time this year, and pork cutout rose about $5.40 from its January low.
Analysts expect demand to firm ahead of Easter.
Tightening supplies and seasonal Easter and grilling demand support higher lean hog prices, which benefits hog-feed demand outlooks.
thepigsite.comSarah MikesellFeb 18, 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.
