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Margins for major US pork processors such as Tyson and Smithfield have slipped to three-year lows as hog prices rose and trade worries with China and Mexico mounted. Processors may cut hog purchase prices or trim plant operations to protect margins.
Squeezed packer margins may lead to lower hog slaughter, reducing hog demand and pressuring hog prices and related feed demand.
perishablenews.comReutersJun 21, 2018After 123 past bearish trade events, Lean Hogs moved a median -0.4% over 5 sessions (43% higher; middle half -2.9% to +2.0%), and -0.2% 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.
