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Lean hog futures hit new contract highs this week as the bull market continued. US pork stocks at the end of April were about 26% below year-ago levels, and corn had fallen about 15% from its recent high.
Tight pork supplies and strong grilling demand support hog prices, while cheaper corn and soymeal improve the feed outlook for producers.
thepigsite.comMegan HowellMay 28, 2021Not enough comparable past events yet for a historical read.
Not 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.
