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Iowa State analysis reports Canada's January 1 hog and pig inventory at 14.325 million head, up 2.7 percent year over year, with the breeding herd growing 1.3 percent in 2017. Canadian cattle producers face losses while hog producers are turning profits.
Expanding Canadian hog supplies, including feeder pigs finished in U.S. barns, add to North American pork supply and weigh on hog prices.
lib.dr.iastate.eduLee SchulzJan 1, 2018After 159 past bearish report events, Lean Hogs moved a median -0.2% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +1.0% 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.
