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Economist Steve Meyer of Kerns and Associates forecast 2020 would be either the best or worst year for the US swine industry, with large hog numbers and limited slaughter capacity in the fourth quarter. He advised producers to lock in hog margins and consider soybean meal and corn purchases, as he expects corn prices could rise.
Expanding hog herds keep feed demand firm, and his corn and soybean meal outlook points to supportive feed prices, though the fourth-quarter glut risk could pressure hog margins.
agriculture.comBetsy FreeseJan 23, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
