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A hog outlook forecasts lean hog prices rising from the mid-$50s in late March to the mid-to-high $70s by early summer. Q2 prices are estimated near $68 and Q3 near $72.
First-quarter 2019 prices averaged about $55, compared with about $66 a year earlier.
Seasonal price recovery expected for later in 2019 points to firmer hog values. Improved producer returns could support feed demand, though record supplies remain a constraint.
farmprogress.comChris HurtFeb 27, 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.
