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US lean hog futures have stabilized after a recent sell-off driven by rising feed costs. Cash hog and fresh pork prices are rising, while weekly pork export sales fell to a marketing-year low, with declines in China.
Stabilizing hog futures and tighter cold storage supplies give some support to pork prices, while weak export sales and feed costs limit upside.
thepigsite.comMegan HowellApr 23, 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.
