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US hog prices have risen for 14 straight weeks to their highest level since the 2014 PED outbreak. The national negotiated cash carcass price averaged about $107/cwt last week, more than triple the same week last year, and May lean hog futures closed at $109.35/cwt.
Tight supply combined with strong pork cutout values is lifting hog prices, while the futures curve points to a sharp decline into fall. Feeder buyers face high hog-side margins but should expect prices to ease later in the year.
nationalhogfarmer.comRon PlainApr 26, 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.
