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December lean hogs fell about 18% in late September from $89 to $73/cwt before recovering through October. The contract turned lower again after resistance near $90.
Corn and soybean meal remain at historically elevated prices, raising hog production costs into 2023.
Volatile hog prices and high feed costs compress producer margins, which can reduce hog herd expansion and feed demand for corn and soybean meal into 2023.
nationalhogfarmer.comChip WhalenOct 31, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
