Loading…
Lean hog prices have recovered to the mid-$0.60s per pound from about $0.45 in November, and producers are no longer losing money after heavy losses last fall. Industry observers at the Minnesota Pork Congress said sow herd expansion has been dampened and new slaughter capacity is under construction.
Improved hog margins support herd retention and feed demand, while planned new slaughter plants add capacity that will absorb future hog supply.
thepigsite.comGlobal Ag MediaJan 24, 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.
