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A National Hog Farmer columnist predicts hog prices will rise substantially from late February into late May, driven by seasonal declines in hog numbers and strong fresh belly prices. He also expects summer lean hog futures to trade above $90 and fall contracts to rise as porcine epidemic diarrhea virus evidence emerges.
A forecast of a strong spring hog rally would raise expected hog-sector feed demand and support corn and soymeal buying. The forecast rests on opinion, and disease risk from PED adds an upside but uncertain factor.
nationalhogfarmer.comDennis SmithFeb 26, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
