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Federally inspected hog slaughter in 2018 totaled 123.6 million head, up 2.6% and a record for a third straight year. Hog weights are expected to rise slightly in 2019, and the partial government shutdown delayed some NASS slaughter data.
Record slaughter and rising weights point to larger pork supplies in 2019, which is bearish for hog prices while margins stay tight.
nationalhogfarmer.comRon PlainJan 21, 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.
