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An analyst says recent large drops in wholesale pork cut values and hog prices are not supply-driven, since slaughter and pork output have run close to forecasts. He attributes the weakness mainly to exports, which were down 4.8% year on year in July and have been a drag on wholesale demand all year.
He also notes USDA's export data reporting has been delayed.
Weaker export demand for pork cuts into wholesale value and hog prices, and this drag is expected to persist, though to a smaller degree.
nationalhogfarmer.comSteve Meyer13 sept 2022Tras 123 eventos bajista de comercio pasados, Cerdo magro se movió una mediana de -0,4 % en 5 sesiones (43% al alza; mitad central entre -2,9 % y +2,0 %), y -0,2 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
