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US lean hog cash prices averaged 60.24 cents per pound in late September, up about $30 per head from market lows, supported by strong pork cutout values of 79 cents per pound. Hurricane Florence reportedly killed about 4 million chickens and 5,500 pigs, with flooding disrupting farm labour, power and feed delivery.
Hurricane-related plant shutdowns and cutout strength are tightening hog supply and supporting prices, while feed delivery disruption in North Carolina adds to demand-side pressure on feed ingredients.
thepigsite.comGlobal Ag MediaSep 26, 2018After 12 past bullish weather events, Lean Hogs moved a median +1.5% over 5 sessions (58% higher; middle half -1.6% to +7.1%), and -3.9% over 20.
Not 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.
