
Archer Financial analyst Dennis Smith said new hog slaughter plants in Iowa and Michigan will prevent backlogs during peak fall production. Daily slaughter set records at 460,000 head, while pork inventories are falling as exports and domestic consumption absorb supply.
Smith flagged Mexico's pullback during NAFTA renegotiation as a risk.
Expanded packing capacity and firm domestic and export demand support hog prices despite record output. Uncertainty over NAFTA and Mexican pork purchases is a downside risk for pork prices and feed demand.
Setelah 85 peristiwa perdagangan bullish sebelumnya, Babi Hidup (Lean Hogs) bergerak median +0,8% selama 5 sesi (54% lebih tinggi; separuh tengah -1,8% sampai +4,5%), dan +4,0% 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.