US hog supply remains low August 16, 2021
Lean hog futures are posting gains as the trade is realizing the seasonal increase in supply is a little lower than expected.. Friday's USDA's kill estimate for last week, was posted at a low 2.415 million head. That was revised even lower on today's update, now at 2.407. The current story is the "seasonal increase in supply" is a little low.
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