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First-quarter 2017 barrow and gilt carcass prices averaged 68.15 dollars per cwt, up 8% year over year, despite pork supplies running 3% higher. The March Hogs and Pigs report showed a record 64.91 million market hogs as of March 1.
Strong pork demand is absorbing record supply, which supports hog prices and keeps producer margins positive. The June-August farrowing intentions will be the key figure to watch.
farmprogress.comLee SchulzApr 20, 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.
