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A report by the National Pork Producers Council, prepared by economists from Iowa State and NC State, concludes that higher US pork prices reflect strong demand, rising input costs, wages and supply chain bottlenecks rather than meatpacker concentration. Concentration is about 7% lower than five years ago, per the analysis.
The finding that pork prices are driven by fundamentals rather than packer margins suggests the price strength reflects real supply and demand tightness, which supports hog prices.
meatpoultry.comRyan McCarthyJan 26, 2022After 100 past bullish report events, Lean Hogs moved a median -0.2% over 5 sessions (49% higher; middle half -1.9% to +2.0%), and -0.4% 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.
