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Packer margins deep in the red

Hog prices usually rally as we move closer to midsummer. During the last 10 years, the live price for 51-52% lean hogs has averaged $54.03/cwt. in March, then $1.19 higher in April, $5.05 higher in May, $3.34 higher in June, and 32 cents higher in July. August prices have averaged $5.16/cwt. lower than July.

The uptrend in hog prices is made possible by a similar rally in pork cutout values. Higher pork prices mean packers are willing to pay more for hogs. July is typically the peak month for pork cutout value as it is for hog prices.

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Par : Ron Plain (23/05/2022)

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