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Genesus Genetics reported that US producers are moving backed-up pigs to packers, with cash bids rising about $10/cwt in one week and some packers seeking hogs. The article notes futures remained lower despite firmer cash prices, highlighting a disconnect between futures and cash markets.
Easing of the hog backlog reduces oversupply pressure over time, but futures-cash disconnect adds pricing uncertainty for feed buyers serving hog farms.
thepigsite.comSarah MikesellJul 31, 2020Not 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.
