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Strong U.S. pork demand has kept cash hog prices and packer margins well above expectations despite record fourth-quarter production. The author lists eight reasons to expect a possible top in lean hog futures by late November, including slaughter running below USDA projections, rising hog weights, and a large fund net long.
If packers keep kills low while supplies build, hog futures could correct, but the view is a risk assessment rather than a confirmed supply shift.
nationalhogfarmer.comDennis SmithNov 27, 2017Not 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.
