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Compeer Financial's Kent Bang describes the US swine industry in survival mode after months of weak lean hog prices, with no weekly Western Corn Belt average above $60 per cwt since August 2019. Packer capacity problems, excess market-ready pigs and COVID-19 slowdowns in the second quarter have weighed on prices.
Record pork exports to China have had little noticeable effect on live hog prices.
Persistent losses and possible producer exits point to reduced hog herd growth ahead and lower feed demand from the US hog sector.
nationalhogfarmer.comKent Bang Compeer FinancialJul 15, 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.
