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Pork Checkoff: Mixed Signals in the Market as Some Items Struggle, Others Trade Firm
The cure for high prices is high prices — lack of features and ample inventory cause prices to adjust and create future opportunities.
Highlights• Following the record-breaking levels of a year ago, backribs are now at the lowest levels of the past five years. Prices may need to stay low for a bit longer to “buy” some demand from retail and foodservice. For operators, current prices present excellent feature opportunities.
• Pork prices were firm at the end of the week on seasonally lower slaughter as well...