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Lean hog futures posted solid weekly rallies as US cash hog prices rose after a winter storm slowed marketings. Pork cut-out values reached their highest in about 12 weeks, and traders cited optimism about Chinese pork purchases.
Stronger hog prices and optimism over Chinese pork demand support hog margins and feed demand, while the report's soymeal and corn ranges signal firm feed markets.
thepigsite.comMegan HowellJan 29, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
