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Industry commentator Jim Long notes US lean hogs reached 90 cents per pound on June 23, with pork cutouts above $1.01 per pound and packer margins good. He expects higher cutouts and hog prices as new packing plants come online and hog supplies stay low.
Strong packer demand and lower hog supplies point to continued upward hog price pressure and healthy feed demand from producers.
thepigsite.comGlobal Ag MediaJun 26, 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.
