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USDA's Livestock, Dairy and Poultry Outlook reported February hog slaughter about 3% below a year earlier, largely due to winter weather. Live hog prices averaged $53.93/cwt, 33% above February 2020.
Strong ham and belly demand drove wholesale pork values higher.
Lower slaughter and firm wholesale pork demand support hog prices, and strong cutout values encourage processors to keep bidding for hogs.
feedstuffs.comKrissa WelshansMar 16, 2021After 100 past bullish report events, Lean Hogs moved a median -0.2% over 5 sessions (49% higher; middle half -1.9% to +2.0%), and -0.4% over 20.
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.
