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An industry article outlines how COVID-19 will affect pig production and pork processing in the short and long term. Iowa State economist Dermot Hayes expects more robotics, slower line speeds, and more flexible packing lines.
He also expects changes to product labeling.
Slower packing line speeds and added labor costs could reduce throughput and widen the spread between hog and pork prices. The longer-term effects are mostly structural rather than an immediate price shock.
agriculture.comBetsy FreeseApr 29, 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.
