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Pork markets are trading sideways on ample supply and weaker-than-expected demand across several cuts. Q1 pork production is forecast up 1.5%, with supply expected to fall into March and April.
Pork bellies are under pressure while bone-in hams command an export premium.
Soft demand and ample Q1 supply weigh on hog prices near term, though expected lower spring supply could support a rebound later.
live.porkcheckoff.orgFeb 13, 2023After 61 past neutral report events, 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.
