
Packer margins are expected to tighten as new packing plants are built and fall hog supplies stay large. Cash hog prices near $83 were cited as below recent futures levels after a sharp weekly drop in the cutout, led by bellies and hams.
Large hog supplies and new slaughter capacity point to softer hog and pork prices, which weighs on demand for feed used in hog production.
Setelah 159 peristiwa laporan bearish sebelumnya, Babi Hidup (Lean Hogs) bergerak median -0,2% selama 5 sesi (47% lebih tinggi; separuh tengah -2,2% sampai +1,3%), dan +1,0% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
Cash hogs well below futures after a sharp cutout drop, plus large fall supplies, signal downward pressure on futures.