USDA's quarterly Hogs and Pigs report showed total hog inventory up 0.44% year over year, with the breeding herd down 1.47% to 5.892 million head. Sow numbers were revised lower from December, and the report came in below pre-report expectations.
Analysts expect near-term supply to be limited in late spring and summer.
A smaller breeding herd and tighter late-spring and summer supply point to firmer hog and pork prices, especially for bellies and trim. Feed buyers may see stronger hog-finishing demand for feed.
Setelah 100 peristiwa laporan bullish sebelumnya, Babi Hidup (Lean Hogs) bergerak median -0,2% selama 5 sesi (49% lebih tinggi; separuh tengah -1,9% sampai +2,0%), dan -0,4% 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.