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The U.S. national base lean hog price has been flat for a couple of weeks at about $0.71 per pound. Hog marketings rose 6.5% week over week from a year earlier, and early weaner and feeder pig prices remained firm.
Steady hog prices with firm feeder pig values and higher year-to-date marketings signal balanced supply and demand, with no strong directional pressure on hog prices.
thepigsite.comGlobal Ag MediaMar 21, 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.
