Seasonal Supply Lows Pressuring Spot Market Prices
Supplies are in line with the projections from the latest hog inventory data. Market participants seem surprised by the seasonal shortfall. Hog and pork prices are firm in the near term.
- Hog slaughter was under 2.3 million head for the 5th consecutive week. While supplies are in line with the projections from the latest hog inventory data, nonetheless market participants seem surprised by the seasonal shortfall. Hog and pork prices are firm in the near term. Lower than expected pork prices in May and June appear to have bought some demand in July and...
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