Loading…
A weekly outlook says pork supplies are up about 2.5% so far in 2018 while hog prices are up nearly 4%, supported by strong demand and narrower packer margins. It also flags dry weather in Argentina pushing up feed costs.
Firm hog prices support producer margins, but Argentine drought raising soymeal prices squeezes feed costs for hog producers. Higher meal prices are a direct cost pressure on the feed buyer.
doi.orgChris N Hurt, Hurt, ChrisJan 1, 2018Not 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.
