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Hog slaughter finally topped 2.6 million head but remains well below expectations, according to Steiner and Company. Bellies are strong on retail promotions and limited freezer stocks, while loin prices are trending lower.
Ham export sales to Mexico are up more than 30% year-over-year.
Slower slaughter keeps hog and pork cutout prices firm, supporting hog demand for feed, while expected supply recovery should ease price pressure later.
porkcheckoff.orgOct 22, 2024Not 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.
