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US lean hog futures rallied nearly 40% from an October 14-year low, with December lean hogs topping 57 cents per pound. Packers bought heavily ahead of Christmas, with a record 2.54 million hogs slaughtered the prior week, while cold weather limited animal weight gain.
Strong packer demand and seasonally tighter supply support hog prices, though a rally could falter if pork inventories build.
timesrepublican.comDec 10, 2016Not enough comparable past events yet for a historical read.
Not 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.
