
Average carcass prices for producer-sold hogs through late August were $57.43/cwt, down $13.23 year over year, with negotiated barrow and gilt prices averaging $41.77. Hog slaughter is up 2.0% in 2020 but below pre-COVID levels, and futures imply 2021 carcass prices about $13/cwt higher.
Record hog supplies and COVID-related packing cutbacks keep current hog prices depressed, while futures point to recovery in 2021. Lower hog prices reduce near-term feed demand expectations.
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.