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The Pig Site reports that April hog futures posted several contract highs in two weeks as the CME lean hog index rose to $86.62, its highest since October. USDA is set to begin the first phase of $750 million in livestock disaster assistance payments by March, announced by Senator Hoeven.
Tight US hog numbers and improving demand point to higher hog prices, and disaster aid may help producers keep herds, which bears on longer-term feed demand.
thepigsite.comSarah MikesellFeb 11, 2022After 37 past bullish policy events, Lean Hogs moved a median +0.0% over 5 sessions (51% higher; middle half -2.8% to +0.9%), and +0.2% over 20.
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.
