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The Pork Checkoff supply report says hog slaughter was revised lower and ran under 2.5 million head per week in three of the last four weeks. Ham values are expected to peak in early March ahead of Easter, and pork trim prices are expected to rise in spring as demand improves.
Lower slaughter and firm fresh pork demand support cutout values and hog prices into the second quarter. Tighter market-ready supplies reduce the downside for hog futures.
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.