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South Dakota pork producers are seeing hog prices 30 to 50 percent lower than normal, according to a university extension specialist. Supply chain disruptions have left many producers selling hogs at much lower prices than expected.
Deep discounts in hog prices reduce producer margins and may cut herd rebuilding and feed purchases, bearish for feed demand.
rrfn.comCarah HartMay 4, 2020After 117 past bearish disease events, Lean Hogs moved a median -0.6% over 5 sessions (36% higher; middle half -2.2% to +1.6%), and +1.2% 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.
