Late summer @ Autumn Hog futures trading at hefty premium to historical Value – 05/17/2021

Published by David Tedrow on

In the May 2021 WAOB report the USDA forecast a modest decline in per capita domestic pork supply in the last half of 2021. Last half of 2021 lean hog futures are trading at substantial premium to historical economic value as is illustrated in the accompanying scatter study. Traders may believe high feed costs will result in a larger cut in second half US hog production then USDA has assumed.

 

Categories: Livestock

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