Taking the Hogs and Pigs Report into account, along with USDA’s recent report of intentions to plant 4.6 million fewer corn acres this spring and tighter than expected corn stocks, the pork outlook is fairly bearish.
The outlook for hog prices remains bearish for at least the near-term, says Jason Franken, economist at Western Illinois University. He breaks down the most recent Hogs & Pigs Report.
