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Genesus Inc. reports that US lean hog prices rose about 6 cents per pound from late November to December 12, with pork cutouts at $75.81 and packer margins near $50 per head. The commentary expects hog marketings to decline in coming weeks and summer prices above 80 cents per pound.
Tightening weekly hog supply and firm packer margins support higher lean hog prices, which would lift demand expectations for hog feed.
thepigsite.comGlobal Ag MediaDec 14, 2016Not 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.
