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US lean hog futures are rallying and now show the third-strongest rally in the 50-year history of hog futures trading. Wholesale belly prices have more than doubled since late 2020, and packer demand remains aggressive.
Strong packer buying and expected Chinese pork import demand support hog prices into the near term. Feed buyers should expect continued firm hog-side demand for corn and soymeal.
thepigsite.comMegan HowellApr 9, 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.
