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An analysis piece notes that US lean hog futures have fallen since April despite strong export demand prospects. It points to record US pork production for five straight years and USDA estimates of continued supply growth.
The author argues supply is the overlooked factor behind the price decline.
Record US pork output and expanding supply outweigh export optimism, keeping downward pressure on hog and pork values.
nationalhogfarmer.comAug 30, 2019After 159 past bearish report events, Lean Hogs moved a median -0.2% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +1.0% over 20.
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.
