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A National Hog Farmer column notes record large US pork production expected to be matched by record exports. Lean hog futures had dropped after US military action in the Middle East in early January, while the CME lean hog index was around $58.62.
Large hog supplies with strong export demand shape the feed outlook, while Middle East tensions are a secondary risk to energy and hog prices.
nationalhogfarmer.comDennis SmithJan 6, 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.
