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A Purdue economist expects pork producers to face below-cost hog prices through winter, but futures point to profitable spring and summer 2019 prices. Record pork production and trade disputes are the near-term drag, with US pork exports to China down 19% this year.
Record supply and lost China sales pressure near-term hog prices, while improved forward margins may support later-2019 hog demand for feed.
nationalhogfarmer.comDec 4, 2018Not 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.
