Loading…

Pork bellies bounced in the week ending September 25 after a two-week collapse, but the overall pork cutout barely moved. Frozen belly stocks fell 35% during August, and USDA reported the hog inventory 2% below a year earlier.
Tighter hog supplies and shrinking frozen belly stocks could eventually support hog prices and feed demand. Weak cutout values still weigh on near-term hog pricing.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.