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USDA economist Mildred Haley reported that November federally inspected hog slaughter was estimated at 10.9 million head, almost 2% below November 2021. Processors paid an average live equivalent price of $63.72/cwt for 51-52% lean hogs, about 17% higher than a year earlier, while the carcass cutout averaged $93.43/cwt, about 3% higher.
Tighter hog supply lifted live hog costs faster than wholesale pork values, squeezing processor margins and supporting hog prices into early 2023.
feedstuffs.comKrissa WelshansDec 21, 2022After 100 past bullish report events, Lean Hogs moved a median -0.2% over 5 sessions (49% higher; middle half -1.9% to +2.0%), and -0.4% over 20.
Not 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.
