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Lean hog prices have rebounded from a national average carcass price near $45.13/cwt on April 5 to nearly $50 late in the week. Futures for May, June and July were trading well above the April contract, which expired at $53.825.
A seasonal rally in hog prices supports producer demand for feed, and the futures curve signals further gains into early summer.
nationalhogfarmer.comRon PlainApr 16, 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.
Cash carcass prices rebounded from about $45 to nearly $50 with deferred futures at a large premium to the expiring April contract, directly describing the rally in the 5-day window.
Reports the late-week rebound in cash and futures prices from the April 5 low, with deferred contracts well above the expiring April contract, which is consistent with a sharp one-day futures jump.
