US supply questions push hogs to new highs. March 16, 2021
New contract highs were posted again for every 2021 lean hog futures contract. The trade is taking seriously all of these reports of low hog numbers. Yesterday's wholesale pork price was up 4.14 to its best price since last May, when our processing was impacted by COVID-19. Wholesale pork was up another 1.11 on today's morning report.
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