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An Iowa State outlook says US commercial pork production is up 3.9% year to date and is on track for a record of about 26.5 billion pounds. It stresses that hog slaughter and pork exports, including trade policy, drive hog prices.
Record production is bearish for hog prices unless export demand absorbs the extra pork. Trade policy changes that affect exports are the main swing factor.
lib.dr.iastate.eduLee SchulzJan 1, 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.
