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The Philippine Department of Agriculture delivered 2,000 live hogs from Biotech Farms in South Cotabato to Manila on February 17, 2021. Officials said daily hog arrivals in Metro Manila now exceed slaughter volumes and retail prices are adjusting toward ceilings.
Increased hog arrivals in Metro Manila ease local pork tightness and reduce domestic pork prices, which weakens near-term demand for feed in the Philippines.
da.gov.phDA Press OfficeFeb 17, 2021After 11 past bearish logistics events, Lean Hogs moved a median +1.6% over 5 sessions (55% higher; middle half -2.7% to +2.5%), and -6.1% 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.
