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Lean hog futures for June through August were trading well above mid-April cash hog prices of about $75 as of April 8. USDA's March Hogs and Pigs report pointed to larger hog supplies continuing into 2020.
The wide cash-futures basis is expected to narrow as seasonal demand rises, but the trend depends on whether pork export demand keeps pace with supply growth.
farmprogress.comLee SchulzApr 16, 2019Not 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.
