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Live hog prices have leveled off since the start of the year despite larger-than-expected Q4 2016 slaughter volumes. Analysts expect US hog supply to run 3-4% above year-ago levels over the next several months, shifting market focus to export demand, which is seen as the most uncertain factor.
Expected larger hog supplies add pressure on prices, but export demand will determine whether margins hold, which affects demand for feed.
thepigsite.comGlobal Ag MediaFeb 3, 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.
