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An analyst argues that US hog demand, including exports and domestic consumption, is holding up, so the market pressure must come from supply. He says hog prices and packer margins may face further pressure.
The piece uses export data through August to support the view.
Growing hog supply against steady demand points to weaker hog prices and packer margins. Buyers should expect pressure on pork and feed-linked margins.
nationalhogfarmer.comSteve MeyerOct 7, 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.
