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USDA's Livestock, Dairy and Poultry Outlook reported that pork packer margins rebounded in November after sharp October declines. Gross packer margin averaged almost $25 per cwt, over 21% above October, as the pork carcass value rose about 9% and offset a 6% increase in hog prices.
Stronger wholesale pork values and lower-than-expected slaughter support hog prices, and packers' ability to pay more for hogs points to firm live hog demand.
meatingplace.comRita Jane GabbettDec 20, 2017After 100 past bullish report events, Lean Hogs moved a median -0.2% over 5 sessions (49% higher; middle half -1.9% to +2.0%), and -0.4% 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.
