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A weekly outlook cites USDA's December Hogs and Pigs report, which showed the breeding herd up 1% and the market herd up 2%, in line with expectations. Producers' farrowing intentions point to faster output growth in the second half of 2018.
Herd expansion signals more hogs and pork later in 2018, which pressures prices if demand does not keep pace. Strong demand so far is keeping the market firm.
doi.orgHurt, ChrisJan 1, 2018After 61 past neutral report events, HOGS moved a median -0.4% over 5 sessions (48% higher; middle half -1.3% to +1.8%), and +2.1% 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.
