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Iowa State economist Dermot Hayes says US pork production is up 3% this year while demand is up about 4%, mainly from exports. US pork exports are up 15% through April, and China's pork imports remain a key outlet, though US shipments to China are unchanged.
Strong export demand offsets rising US output and keeps hog prices firm, supporting feed demand for hog producers.
nationalhogfarmer.comJun 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.
