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An analysis of record US hog supplies and higher prices attributes the price strength to strong domestic and international pork demand. It notes that USDA's March Hogs and Pigs report showed a record quarterly inventory of 70.98 million head, up 4.2% year over year.
Record supplies usually pressure prices, but strong demand is keeping hog prices firm, supporting hog-related feed use.
dr.lib.iastate.eduLee SchulzJan 1, 2017After 61 past neutral report events, HOGS moved a median -0.4% over 5 sessions (48% higher; middle half -1.3% to +1.8%), and +2.1% over 20.
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.
