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Record live hog supplies, especially in the US, have softened live hog prices. A risk management director says domestic pork demand tracks the US economy, and Canada may gain share in Japan after CPTPP took effect.
Premiums have shifted from spring and summer futures to later months.
Large pork supplies weigh on hog prices, and any slowdown in US economic demand or export share loss would add pressure, though Japan access is supportive.
mysteinbach.caCorwyn Friesen, mySteinbachJan 29, 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.
