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University of Missouri economist Scott Brown says downside price risk in hogs is a concern, especially in summer, partly due to China pork trade news. Hog supply growth has stalled, with the latest Hogs and Pigs Report showing no real herd expansion.
Flat supply supports hog prices, but weaker export expectations from China could cap gains later in 2022. Feed buyers should weigh risk management for hog-linked demand.
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.