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US slaughter supplies are building seasonally toward the year's highest kill level, and packers are limiting willingness to pay for cash hogs. Analysts note the market's dependence on Chinese pork imports, which have slowed, and expect China's pork buying to ease in 2021.
Ample market-ready hog supplies and slowing Chinese import demand weigh on lean hog prices. Softer hog demand for feed moderately reduces meal demand outlook.
thepigsite.comMegan HowellDec 11, 2020Not 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.
