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Lean hog futures fell to three-month lows this week as packer cutbacks left a hog backlog on US farms. China's December pork imports rose 11.1 percent from November, and China's sow herd was reported at nearly 44 million head.
Heavy hog supplies and weak cash prices push lean hog futures lower, which hurts producer margins and reduces demand for feed in the hog sector.
thepigsite.comSarah MikesellJan 20, 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.
