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A column argues lean hog futures are in a downtrend despite the long-term bullish effects of African swine fever, with record hog production weighing on prices. Pork packer margins reached near $100 per pig as cutout prices rose on ham strength, while independent producers lose money.
Record hog numbers and packer margins point to continued pressure on hog prices in the near term, while ASF-driven global shortages support longer-term pork demand.
nationalhogfarmer.comDennis SmithNov 25, 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.
