Loading…
Lean hog futures rebounded from their August low on hopes that a near-term bottom is in place. Hog supplies were rising seasonally, with Monday-Wednesday slaughter up 25,000 head.
African swine fever was reported at a large commercial farm in Bulgaria, and the USDA lowered its pork production outlook.
Disease reports in Europe and a smaller US pork outlook support hog prices, partly offsetting seasonal supply growth. Lower pork output tightens the near-term supply picture.
thepigsite.comMegan HowellAug 20, 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.
