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US lean hog futures rose above $100/cwt in February, with the CME lean hog index up over $21 since the start of 2022. Hog slaughter data points to supplies falling further than USDA inventory figures suggested, and USDA raised its 2022 quarterly hog price forecasts.
Tighter US hog supplies support higher hog prices and signal stronger demand for feed later in the year. Firm hog margins can support feed buying, which is supportive for meal and corn.
thepigsite.comSarah MikesellFeb 18, 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.
