
The USDA's September monthly report raised its third-quarter pork production estimate by 0.9% from August as slaughter pace exceeded expectations. It cut its 2022 hog price forecast 3.4% to $71.30 per hundredweight.
CME lean hog futures eased on the day.
Higher projected pork output and a lower price outlook point to more supply on the market, which is bearish for hog prices and weighs on demand for feed.
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.