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Rabobank's second-quarter pork report says hog prices have risen sharply in most markets because disease losses and pandemic liquidation tightened supply. US hog prices are up 68% year to date, supported by strong demand for hams and bellies and by lower imports.
Slow herd rebuilding and higher production costs keep global pork supplies tight, which supports hog prices and feed demand over the coming months.
meatingplace.comTom JohnstonMay 7, 2021After 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.
