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US pork slaughter recovered to about 95% of 2019 levels as of June 9, with 2.452 million hogs slaughtered in the latest week. Plant closures from COVID-19 outbreaks had earlier caused sharp capacity declines and a large animal backlog.
Faster hog processing reduces the backlog and eases the supply shock, which supports hog prices and keeps demand for feed steady.
sensitarrendering.comgd-adminJun 18, 2020After 69 past neutral disease events, Lean Hogs moved a median -0.2% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -1.6% over 20.
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.
