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Livestock economist Steve Meyer said record pork production will push hog prices lower into next year, speaking at the World Pork Expo in Des Moines. He advised producers to use futures markets to lock in prices, which are less attractive than earlier in the year.
Expected record pork supply and lower hog prices reduce hog-sector demand for feed and point to weaker hog-related commodity values.
iowafarmbureau.comTom BlockJun 11, 2018After 17 past bearish macro events, Lean Hogs moved a median -1.0% over 5 sessions (35% higher; middle half -2.5% to +0.8%), and -1.6% 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.
