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Lean hog futures reached an 8.5-month high in mid-October, with US slaughter running below year-ago levels and packer margins near $50 a head. The article's outlook sees December lean hogs at $66-72, soybean meal at $355-380 and corn at $3.87-4.10.
Tight US hog supplies and strong pork demand support hog prices, while the outlook ranges give feed buyers reference points for near-term corn and meal costs.
thepigsite.comMegan HowellOct 16, 2020Not 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.
