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University of Missouri economists say hog farmers expanded sow herds and grew the second-largest pork supply since 2008 while prices stayed above expectations. They expect price declines in 2018 and 2019 as production rises more than 3%, with exports needed to absorb the growth.
Expected herd growth of over 3% points to a bearish hog price outlook as supply outpaces demand. Export strength is the main offset that buyers should watch.
extension.missouri.eduJan 2, 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.
