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The U.S. hog herd is the largest since World War II, which is keeping live-animal prices low. American farmers had expected to benefit from higher exports as African swine fever cut China's pork supply.
A record herd keeps domestic hog supply heavy, so live hog prices stay under pressure even with strong global protein demand.
bloomberg.comLydia Mulvany, Michael HirtzerDec 3, 2019Not 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.
