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US Department of Agriculture data showed the breeding herd at the end of December was nearly 1% smaller than in September, and producers held back 6% fewer gilts than a year earlier. Hog futures for summer 2021 were about $84 per cwt, well above the prior year's level.
A smaller breeding herd and fewer gilts point to reduced future hog supplies, which supports higher lean hog prices. Lower hog numbers also reduce demand for feed grains and meal over time.
producer.comEd White15 Jan 2021Setelah 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.
