Laden…
US pork plants are slowing slaughter rates after a federal judge in Minnesota voided a USDA directive that allowed elevated speeds. Producers could lose about $80 million this year as hogs back up on farms.
Lean hog futures have dropped 5% since peaking June 1, with August falling the exchange maximum.
Slower packer throughput lengthens hog supply on farms and adds to later supply, weighing on deferred lean hog futures. Higher holding costs for producers can change feed purchase pace.
farmprogress.comBloomberg16 jun 2021Na 34 eerdere neerwaarts beleid-gebeurtenissen bewoog Magere varkens zich mediaan -0,3% over 5 sessies (41% hoger; middelste helft -1,6% tot +1,3%), en -1,8% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
Slower US slaughter speeds after the court ruling back hogs up on farms, adding near-term supply pressure and fueling fears the rally had peaked.
