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Ag economists say hog markets will stay volatile for weeks or months, with demand uncertainty as the main driver. They point to COVID-19 risks to unemployment, consumer income and pork exports, and the USDA March Hogs and Pigs report showed inventory at 77.6 million head, up 4%.
Uncertain pork demand and exports make hog prices hard to forecast, and the large herd adds supply pressure until demand recovers.
brownfieldagnews.comMeghan GrebnerMar 31, 2020Not 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.
