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April lean hog futures hit a contract high in the week of January 21 after a sharp run-up in prices. US primal ham and pork cutout values rose on tighter pork supplies tied to Covid-related plant slowdowns.
China's 2021 pork output reached 53.0 million tonnes, and its hog herd rose to 449.2 million head.
Tight US pork supply and seasonal demand support hog prices, while China's herd rebuild adds some offsetting supply pressure on global pork trade. Hog-linked feed demand may stay firm in the near term.
thepigsite.comSarah MikesellJan 21, 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.
