ANALYSIS: Ample Supply and Slow Demand Push the US Pork Cutout to a 52-Week Low
Pork cutout value has fallen to a 52-week low, with weakness across most major cuts. Hams, loins, butts, and bellies together make up about three-quarters of the cutout. 23/27 bone-in hams have been hit hardest, down roughly 38% YOY, as fully adequate supplies outpace domestic and export demand. A weaker Mexican peso has also made US pork more expensive for Mexican buyers, adding pressure to an important export market.
To Read Full Story Login Below.
Submit comment or question
Note: All comments are displayed with user's screen name. If screen name is not present, user's full name will be used. Please go to My Account to update your screen name.
Comment Policy: Urner Barry has made the comment feature available to encourage further discussion of our news stories. Defamatory or offensive comments, or comments deemed not relevant to the story will be removed, and if necessary, Urner Barry may restrict the right of individual subscribers to offer comments. In all cases, comments represent opinions of the poster only, and do not represent fact, news, opinions or estimates put forward by Urner Barry.
Email Address is required. Password is required.