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Tyler Fulton of h@ms Marketing Services says US hog slaughter has passed its seasonal low and hog supplies are expected to rise about 10 to 12 percent over the next three months. Two new processing plants in Michigan and Iowa are expected to start in September.
A projected 10 to 12 percent rise in hog and pork supply points to lower hog prices into late 2017, reducing hog producers' feed demand over the period.
mysteinbach.caCorwyn Friesen, mySteinbachAug 28, 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.
