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Cash hog prices for 53-54% lean hogs averaged $64.12 this November, versus $47.42 a year earlier. Packer margins are still strong, with U.S. pork cutout at $80.96, and feeder pig prices are up sharply from last year as the new packing plants have raised competition for hogs.
Stronger hog prices from added packing competition support producer returns, while packers face tighter margins, which could affect future slaughter pace and hog demand.
thepigsite.comGlobal Ag MediaNov 22, 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.
