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Summer lean hog futures reached new contract highs of 87.20 cents per pound. The commentary cites a low sow herd, disease-related supply cuts, high feed prices driving further sow liquidation, and steady US pork export demand.
Lower sow numbers and herd liquidation limit future hog supply, which supports higher hog prices into the summer. High feed costs continue to encourage producers to cut herds.
thepigsite.comLaurence WilliamsJan 29, 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.
