Loading…
US 53-54% lean hog prices fell from 74.25c/lb to 71.63c/lb over the prior week as pork cutouts declined from the 82-83c range to 77-79c. The commentary expects cutouts to rise as hog supply seasonally declines, and notes that packer margins at record levels are over due to expanded packing capacity.
Lower cutouts pulled hog prices down, but seasonal supply declines should eventually lift both cutouts and hog prices. Packer capacity limits the upside for packer margins, which keeps feed demand from hog producers steady.
thepigsite.comGlobal Ag MediaFeb 22, 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.
