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US lean hog cash prices reached 86 cents recently and the author expects further gains toward 90 cents. Pork cutout values are near 85.64 and packer margins have narrowed sharply from over $50 per head to almost nothing.
Seasonal hog supply decline and firm pork demand are supporting higher hog prices, which supports demand for hog-related feed ingredients in the near term.
thepigsite.comGlobal Ag MediaJun 25, 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.
