ANALYSIS: Pork Cutout Holds Near Decade Highs Despite Mid-Summer Correction
As of the week of September 1, the Expana Pork Carcass Cutout Value remains near 10-year highs, even as a corrective trend has been underway since mid-July. Over that span, weekly cutout values have eased by 4.2%. While this trajectory reflects typical seasonal patterns, the decline has been less pronounced than many market participants anticipated, largely due to limited live hog availability in a disease-affected environment. At present, the weekly cutout stands 18.9% above year-ago levels and...
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