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Lean hog futures held premiums for spring and summer on expected robust demand and lower slaughter. Pork cutout values were 13% above a year earlier, Mexico remained a major buyer, and cold storage pork inventories were 30% below a year ago.
Strong exports and low pork inventories support hog prices and hog-sector feed demand into spring and summer.
porkcheckoff.orgFeb 1, 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.
