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Retail pork prices reached record highs, supporting hog prices and producer returns. Feed costs were also reported at elevated levels.
Packers and retailers face higher costs for processing and product.
Strong retail pork prices support hog values and encourage producer returns, but high feed costs keep margins under pressure. Sustained consumer demand would support hog futures.
agupdate.comBenjamin HerroldAug 18, 2021Not enough comparable past events yet for a historical read.
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.
