Source: Chris Hurt, FARM DOC DAILY, UNIV. OF ILLINOIS, 7/8/19


The pork outlook started this year on a downbeat, then in March and April markets recognized that African swine fever in China could cause global pork shortages and lean futures and industry optimism sailed upward. Summer lean futures exceeded $100, but cash prices could only reach the low $80s and futures came tumbling down. Then in June, hog numbers surprisingly surged nearly nine percent. So, we are left with three key questions to sort out. First, what will happen to pork supplies in coming weeks and months?

For more of this story, click here.