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Pork demand weakened through February despite record production that came in above expectations. Lean hog futures have fallen sharply, leaving gaps on the charts from last August unfilled.
The author attributes part of the weakness to retaliatory tariffs from Mexico and China.
Demand shortfalls against record supply point to continued downward pressure on hog prices. Lower hog values weigh on producer margins and the willingness to buy feed.
nationalhogfarmer.comDennis SmithFeb 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.
