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U.S. hog prices are strong this fall, with 53-54% lean hogs near 68 cents/lb, about 18 cents above a year earlier. Feeder pig prices have also risen sharply, and packers have cut kills, which the author suggests is an effort to lower hog prices.
Strong hog and feeder pig prices improve producer margins and point to tighter near-term hog supply, supporting feed demand for finishing operations.
thepigsite.comGlobal Ag MediaNov 7, 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.
