Loading…
Lean hog prices have risen more than 60% over the past year and about 50% year to date, making hogs the top-performing major asset in 2021. Prices reached their highest since September 2014 last week.
USDA raised its per capita pork consumption forecast and reported March hog inventory down about 1.8% from a year earlier.
A shrinking hog herd and strong pork demand keep supplies tight and support lean hog prices. Feed buyers face higher hog-side demand for feed grains and meal.
axios.comDion RabouinMar 30, 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.
