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April lean hog futures moved above $1 per pound last week, reaching a peak of $1.0770 on February 10 after a low of 78.10 cents in October 2021. The article cites China's pork shortage after African Swine Fever and expected US grilling-season demand as bullish factors.
Rising hog futures and strong seasonal demand support higher hog prices, which can encourage US producers to hold or expand herds and sustain feed demand.
swineweb.comJim EadieFeb 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.
