Loading…
Hog slaughter in the US has run about 4.5% above last year's levels, roughly double the expected increase. Retaliatory Mexican tariffs on US pork are weighing on export values, which are trading near multi-year lows.
Analysts see no sign of a resolution to the US-China dispute.
Oversupply combined with blocked export markets keeps pressure on hog and pork prices. Lower pork values reduce producer returns and their appetite for feed purchases.
farmnewsnow.comAlice McFarlaneFeb 22, 2019After 123 past bearish trade events, Lean Hogs moved a median -0.4% over 5 sessions (43% higher; middle half -2.9% to +2.0%), and -0.2% 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.
