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Hogs Need Strong Exports

LIVESTOCK AM OUTLOOK

Choice boxed beef prices are going to end 2020 much like they settled in 2019.  A year ago on December 31, 2019 Choice Boxed beef settled the year at $209.42. Current price is $210.05.

The lean hog index and pork cutout index have both been moving lower.  Weights so far aren’t a problem as contracted and packer hogs keep steadily moving hogs to kill. Pork is moving but retailers and consumers are price conscience and buy pork when it is cheap. The situation lowering hog prices has to be global hog inventories.

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