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A USDA analyst said US hog producers are expanding output, with the December hog inventory the largest in 75 years at 74.6 million head. Slaughter supplies are expected to rise about 3% and pork production about 4% in 2019, while hog prices may fall about 7%.
Pork exports could reach a record 6.3 billion pounds.
Expanding hog numbers and heavier weights point to more supply and lower hog prices in 2019. Export growth could partly offset domestic pressure and support pork demand for feed.
nationalhogfarmer.comUSDAFeb 28, 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.
