Loading…
The American Farm Bureau's market analysis reviews the first half of 2022 in pork markets, noting volatile lean hog futures with an August contract high of $123.44 in March. Cash prices have run well above the five-year average, and the report considers supply factors including the quarterly Hogs and Pigs report.
It suggests a traditional seasonal high for 2022 may already have occurred.
A seasonal price peak with larger fall supplies would weigh on hog values and reduce the premium on hog-related feed demand later in the year. The outlook is backward-looking analysis rather than a new market shock.
fb.orgBernt NelsonJul 14, 2022Not 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.
