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Hog prices have dropped in 20 of the last 21 weeks as record weekly slaughter of about 2.5 million head has added to supplies. University of Missouri economist Ron Plain expects a market turnaround only after producers cut production, roughly 15 months away.
Heavy hog supplies keep lean hog prices weak, which reduces feed demand from the hog sector for now. A recovery depends on lower sow numbers over the next year.
brownfieldagnews.comTom SteeverNov 28, 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.
