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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.
Canadian Field Pea Market Well Supplied as Pea Protein Demand Rises
As of September 9, the Canadian pulse market is well supplied to meet strong demand for pea protein, according to Canada’s latest stocks data.
Changes in raw material supply take three or four months to affect the further processed pea protein market, shared Expana’s Market Reporter, Andraia Torsiello
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