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US lean hog futures reached a contract high for a second day on 3 February as strong demand and lower carcass weights pushed prices up. Chinese buying and COVID-19 reopening of restaurants supported demand, and African swine fever continued to pressure China's herd recovery.
Lower carcass weights and solid export demand support hog prices, while China's disease-driven import needs underpin feed and meat demand.
thepigsite.comMegan HowellFeb 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.
