Lean hog futures reach new highs due to a resilient hog market; US corn and soybean industries benefit from beef and pork exports.
Lean hog futures reach new highs due to a resilient hog market, while beef and pork exports contribute significantly to the US corn and soybean industries, with an estimated 14.6% and 13.9% impact respectively. The USDA predicts a slight increase in Canadian live pig exports in 2024, as the Canadian swine herd continues to shrink due to the decline in the number of farms and producers.
April 08, 2024
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