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A rally in live hog prices is attributed to increased US slaughter capacity from new plants ramping up over the past six weeks, adding about 10 to 12 thousand hogs slaughtered daily. The USDA Quarterly Hogs and Pigs report showed market hog inventory up 3% from a year earlier.
Packers are competing for hogs during weekdays.
Expanded packing capacity and near-record hog production support hog prices while keeping supply ample, a combination that influences demand for hog feed.
thepigsite.comGlobal Ag MediaOct 18, 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.
