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US lean hog prices of 79 cents per pound for 53-54% hogs are unchanged from a year ago, according to Jim Long of Genesus. Cash hog prices have declined since Mexico dropped its tariffs on US pork, and US pork cuts-out has not improved.
Demand from China has not yet materialized in global import markets, leaving US hog prices flat despite ASF disruption in Asia. Expected Chinese import demand in the second half of the year is the potential upside driver.
euromeatnews.comJun 18, 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.
