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Pork Checkoff analysis says slaughter continues to fall short of expectations, limiting spot availability across a range of pork products. Higher prices for competing proteins are supporting the wholesale pork price in the near term.
Tight pork supply and higher prices for competing meats support wholesale pork values, which feeds through to hog prices and demand for pork-based feed inputs.
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.