Jim Long Pork Commentary: Hog market continues to suffer
Last week the US hog market harvest reached 2,587,000, about 130,000 more than a week ago and a year ago. Packers are obviously getting more hogs killed as they navigate coronavirus issues including having enough employees at work. Packers have great motivation as the DTN Gross Packer Margins calculation is $53 per head, a year ago it was around $20 per head. We expect US Packers to continue to ramp up production, motivated by excellent gross packer margins.
25 June 2020
2 minute read
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