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Packing plant closures and slowdowns caused by COVID-19 have forced market hogs to stay on farms longer than expected. Kent Nutrition Group's research farm is running a trial of about 400 finishing pigs that tests diet changes to reduce feed intake and weight gain while producers wait for processing space.
Hogs held past market weight add feed cost and create a near-term supply backlog that pressures lean hog prices until processing capacity recovers.
farmprogress.comMay 13, 2020After 11 past bearish logistics events, HOGS moved a median +1.6% over 5 sessions (55% higher; middle half -2.7% to +2.5%), and -6.1% 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.
