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This Week in Retail: Varying Supplies, Weather Influence Retail Activity
This week, the retail landscape is influenced by an assortment of factors including varying supplies of protein and the weather.
Looking at pork, hog supplies typically undergo a seasonal expansion from now into the early winter. October is National Pork Month and retailers usually promote pork features to boost sales as more product becomes available.
This year, however, persistent hog disease issues including porcine reproductive and respiratory syndrome (PRRS) have kept supplies relatively snug.
Hog values have depreciated since mid-summer and the national average hog price is currently down nearly 26% from August. Despite a seasonal correction, hog prices remain elevated at near all-time highs for this time of year. Urner Barry's wholesale pork cutout is down roughly 22% from its summer peak and is now 10% under 2021...