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U.S. hog prices are rising mainly because of domestic factors, including PRRS losses in Minnesota and Iowa, herd liquidation and strong retail pork demand. African swine fever in China is a secondary factor.
Lean hogs posted consecutive limit-up days on the CME.
Tight U.S. hog supplies and firm pork demand support hog prices and help offset higher feed costs for producers.
porkbusiness.comJennifer ShikeMar 4, 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.
