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Lean hog futures fell recently, with analysts suggesting a market bottom could form. Export demand for US pork is cited as a factor that could keep a floor under lean hog and cash hog prices.
Prices could move sideways to higher into year end.
Steady export demand could limit further downside in hog prices, which affects demand for hog-related feed and protein inputs. The outlook is mixed, with a possible recovery later in the year.
thepigsite.comSarah MikesellSep 17, 2021Not 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.
